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Home/ Questions/Q 5796
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Hunri2005
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Hunri2005Explainer
Asked: June 18, 20222022-06-18T06:44:30+00:00 2022-06-18T06:44:30+00:00In: Business & Investment

Do you think cryptocurrency such as Bitcoin, Ethereum will one day replace Fiat money like dollars, naira etc?

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We are in an era of digital money, Bitcoin is today worth over $20000 and many people are embracing cryptocurrency! In your opinion do you think these cryptocurrences will one day replace Fiat money?

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    1. David Enlightened
      2022-06-18T08:22:16+00:00Added an answer on June 18, 2022 at 8:22 am

      As longer as we still have centralized system. Bitcoin cant replace Fiat or Dollar. It must pass through fiat for exchange. Except we have a discentralized system which the government of the world will never approved because they want to still control things. Anything centralized is controlled. FiatRead more

      As longer as we still have centralized system. Bitcoin cant replace Fiat or Dollar. It must pass through fiat for exchange. Except we have a discentralized system which the government of the world will never approved because they want to still control things. Anything centralized is controlled. Fiat Dollar is controlled because the government created the money to be centralized that is why all nation have Central Banks

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    2. Bigwiz Seeker
      2022-06-18T15:22:40+00:00Added an answer on June 18, 2022 at 3:22 pm

      I don't think so. Fiat is always needed to run the countries economy. If there's no fiat, then currencies can't be traded, which means no forex.

      I don’t think so. Fiat is always needed to run the countries economy. If there’s no fiat, then currencies can’t be traded, which means no forex.

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    3. David3131 Seeker
      2022-06-18T15:24:50+00:00Added an answer on June 18, 2022 at 3:24 pm

      I don't think so

      I don’t think so

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    4. ChiDizzy Explainer
      2022-06-19T04:53:16+00:00Added an answer on June 19, 2022 at 4:53 am

      May be by 60% in the future

      May be by 60% in the future

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    5. Frostbite Professional
      2022-07-20T18:03:47+00:00Added an answer on July 20, 2022 at 6:03 pm

      Cryptocurrency will definitely replace fiat currency.

      Cryptocurrency will definitely replace fiat currency.

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    6. Frostbite Professional
      2022-08-08T09:26:11+00:00Added an answer on August 8, 2022 at 9:26 am

      It has replaced it. We just aren't catching up very fast.

      It has replaced it. We just aren’t catching up very fast.

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