Post
Topic
Board Altcoin Discussion
Re: Will Bitcoin/ETH replace fiat someday?
by
jinneas
on 25/08/2021, 02:46:15 UTC
Fiat currency is the country's most trusted currency, and it will not be replaced by bitcoin.

The biggest difference between Bitcoin and fiat currency is its decentralization. Bitcoin is not regulated by any government agency, and the government will not use currencies that they cannot control and cannot make profits.

Although the development of cryptocurrency is getting better and better, bitcoin is also used by more and more people. But its scope of use has not become more popular, high volatility unstable prices and high transaction fees cannot be used as a currency for daily transactions.