Some say it doesnt really pose any kind major threats to the financial system, since its too unstable to be accepted as a regular currency. However, others say it will totally disrupt the current model. What do you guys think?
Everything has a positive side as well as negative side. Cryptos are no exception. The fluctuation in crypto price is a real challenge for businesses to accept it as a regular currency. Beside government regulation, this fluctuation is the biggest challenge in crypto.
But I don't think that existing cryptos have the power to disrupt the current financial or economic model. It would certainly bring some changes in the current model but disrupting is out of question. In a nutshell, I don't think crypto poses any significant risk to the current economic model and it will co-exist as a parallel economy!