Hey guys,
I was watching some documentaries the other day about our monetary system. I'm convinced that crypto currency is the future money and fiat currency will be erase in the future. How long do you think can it take?
Thanks!
I agreed on you about the crypto is the future money but erasing the fiat will never happen.cryptocurrency are virtual while the Fiat or paper money is physical
We are humans that has physical needs but we are also living in virtual world so for me these two are perfect combination to serve people.what needed to have is a right management and good governance for those two be working together today and the future
expect crypto to be the currency of the future is quite good, moreover it is supported by the number of online transactions today. but, I agree with you. of course we still need fiat money as a tool for direct transactions. Well, we need to interact clearly for this. I think crypto will be popular in the future, it's just that I don't think it will get fiat money removed.
Without fiat bitcoin is valueless, because the value of each Satoshi is calculated in terms of fiat. Upon the reality bitcoin won't get into removal of the fiat from usage. There will be integrated usage, and bitcoin will be more popular among people as an investment same as that people give importance to gold by this time. Importantly the generation will be completely dependent to technology and this makes the growth of bitcoin to be very high than other form of long-term investments.