Post
Topic
Board Bitcoin Discussion
Re: I am pretty confident we are the new wealthy elite, gentlemen.
by
Ron~Popeil
on 03/07/2014, 17:50:41 UTC
Will bitcoin ever replace currenries we have today ?

It might happen, but a sort of a revolution has to occur whereby people will lose faith in centralized monetary system i.e if they don't think their money is no longer safe.
maybe an 1/8th of the worlds population


It wasn't 1/8 of the world's population but we saw it happen during the Cyprus banking crisis.  Suddenly Europeans went on a BTC buying spree presumably because it was seen as a hedge against "bail-in" bank account seizures.

There are a lot of places that is likely to happen again. I hate to say it but I could even see the US getting to that point.