Yes i can do it because bitcoin will be currency If a recent interview from a Duke professor is something to go by, the U.S. national fiat currency could soon be replaced by a national cryptocurrency. Per a report published by The Chronicle, dated September 19, 2018, Duke Fuqua School of Business’ professor, Campbell Harvey, not only believes that the United States should create a national cryptocurrency, but concludes that paper-based currency’s demise is pretty much inevitable.
No Sense in Using Paper for Currencies
In an interview with CBS News, Harvey shared his thoughts on the idea of a national cryptocurrency, saying that it would resolve a majority of the problems faced by the paper-based currency – including tax evasion, black-market sales, and replacing worn banknotes to crimes like counterfeiting.
Unpredictable fluctuations in currency rates often jeopardize whole counties financially, as is the case with Venezuela, Turkey, and more recently, Argentina.