Can cryptocurrency do away with fiat?

[Chriscryp]

Though we can't deny the fact that cryptos are more valuable assets in near future though we should not under estimate the power of fiats , we cant compare USD strength with BTC, fiats have an underlying value but not cryptos!

[doc]

Though we can't deny the fact that cryptos are more valuable assets in near future though we should not under estimate the power of fiats , we cant compare USD strength with BTC, fiats have an underlying value but not cryptos!

Yeah , crypto is always being digital asset.
I don't think crypto will do away with fiat.
But anything can happen when digital era come.
Maybe crypto currency will dominate and many people prefer use crypto than fiat.
It's just prediction, but by seeing enthusiastic of people, I think It can be.
Although the government will have own consideration to against crypto.

[Senin]

Of course, cryptocurrency cannot replace fiat. States will never allow this to be done, and cryptocurrency is simply not capable of this. Fiat will always dominate the world of finance and therefore it is better not to conflict with fiat. Cryptocurrency will develop and the percentage of its circulation will still increase, but until a certain time. But it will occupy some niche in the financial sector and nothing more.

[Carbitcoin]

Of course, cryptocurrency cannot replace fiat. States will never allow this to be done, and cryptocurrency is simply not capable of this. Fiat will always dominate the world of finance and therefore it is better not to conflict with fiat. Cryptocurrency will develop and the percentage of its circulation will still increase, but until a certain time. But it will occupy some niche in the financial sector and nothing more.

Bloomberg strategist Mike McGlone predicts that in the fourth quarter of 2022 there will be changes in the cryptocurrency market and the price of bitcoin will increase even more.

[gurunanakji777]

Until and unless we have the option to buy the goods and things with crypto money in our own country still there are many countries where you don't have the option to buy the things directly with crypto money so fiat has a huge role till that time.

[Chriscryp]

Yes I think, many has adopted crypto as a secondary mainstream payment method.

[Alcor]

As long as different states exist, so long will their currency exist. Cryptocurrency will not be able to displace the currency of states, since this requires the decision of the relevant authorities of the state itself. And many different groups of the population will not want to use only cryptocurrency. To use it, you need technical means, the Internet, the necessary knowledge and experience, including for safe use, and much more. In addition, the cryptocurrency has some advantages, and the currency of states others. It is better that citizens always have the right to choose.

[legend45]

Of course, cryptocurrency cannot replace fiat. States will never allow this to be done, and cryptocurrency is simply not capable of this. Fiat will always dominate the world of finance and therefore it is better not to conflict with fiat. Cryptocurrency will develop and the percentage of its circulation will still increase, but until a certain time. But it will occupy some niche in the financial sector and nothing more.

Crypto currency is not a threaten for fiat money.
they will work together, I think.
I also believe crypto will never replace fiat money at the coming future.
Government will always keep their fiat money.

[Speaker]

There is no need to replace anyone, it is important to develop this new asset class, and not try to ban it and come up with stupid excuses...progress cannot be stopped

[gunhell16]

As long as Fiat is very useful now in the entire world, it can't be replace. Meaning, for now if you are in the stage of doing cryptocurrency fiat is the only way for us to earn here in this field of business nothing else. This is the reality things happened for now, in short they  are both important.

[Noverteno]

Cryptocurrency has no chance to replace the currency of states. Firstly, the cryptocurrency is not capable of this, and secondly, even if it were possible, the states will not stand aside and will immediately take tough measures against any encroachment on their currency. And cryptocurrency should not be at war with states. It will be a definite loss.
Cryptocurrency should take its place in the financial system and coexist peacefully with fiat.

[Speaker]

no one is saying that cryptocurrency should become a full-fledged means of payment, it simply has to take its place as an asset class and should be regulated.

[collinsjie]

With time I believe cryptocurrency will replace fiat currency. A lot of  people are beginning used to  the cryptocurrency and they have been seeing  importance of it around the world.

[Astra]

Perhaps in the future, cryptocurrencies will completely replace fiat, but at the moment there are still too many problems in the cryptocurrency sphere and the whole world is not ready to switch to cryptocurrencies, so it will take some time for all mankind and technologies to be able to switch to cryptocurrencies, and of course it won't be soon.

Fiat can be replaced by cryptocurrency only by individuals who wish, if they, of course, succeed. But on a national scale, this will never happen, because for this it is necessary for the state authorities to do this at the legislative level. And the state will never give up its national currency. This is primarily due to the fact that the crypto-currency is not able to serve the economy of the state. The work of the state with finances is built on completely different principles. Therefore, cryptocurrency can only exist in parallel with fiat.

[shuvenker999]

It's very true that BTC was initially developed to solve problems like those posed by intermediaries, curbing drawbacks to p2p payments. However, nowadays many see BTC as store of value, and hence it will never replace FIAT. Even if it served its original purpose to the core, being used mainly for payments and not long term investment per say, it can't still replace FIAT. The reason is because both crypto and FIAT are relevant, and crypto can't replace FIAT entirely in the real sense.