Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Delgboke on December 12, 2020, 05:38:08 AM
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There was a claim that China want their currency which is yuan to replace the US dollar as the worlds global currency. That would give it more control over its economy. sometimes I just be wondering how this countries always push their own currency in the forefront ahead of other country, regarding to what China is saying about their yuan currency in trying to make it gain more value than US dollar. Base on your own opinion can that be possible?
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Of course, the consolidation of its currency in the world depends directly on the country's economy, as well as on the foreign policy of the state. China has been taking the lead in the economy around the world for several years, but the popularity of its currency is not growing like the dollar. It's a long and thorny path ...
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It will not be possible to replace it with China One and digital currency, which is so popular like USD.
Bitcoin is growing in popularity day by day but USDT is a hundred year old coin so it is very unlikely that one bitcoin will be replaced by other cryptocurrencies.
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People are interested to change the world economy . But the technology had not before the crypto currency and blockchain invent . Now the popularity and reserve both are same strong that can replaced dollar to Bitcoin . If it is not possible in 2021 but within 5 or 10 years it will be happened.
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This is just news that Yuan will replace USD; Dollar is still accepted worldwide, but Yuan is not yet, so in the future, cryptocurrency maybe affect the dollar worth, but the dollar will also in the market, and cryptocurrency will run parallel.
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The government of China has this overarching vision of dominating, controlling and even exploiting the world resources to make their economy the strongest one and of course to make the country the top one when it comes to important other areas like the military, the culture and global commerce. Central to this vision is to make its national currency the one to replace the US Dollar in the global commerce transactions. How China can do it can be an amazing story of success but it can also mean the end of USA's leadership and hegemony, and that can mean that all the side effects of the country's propensity to print money will now be coming on itself. Now, to the question: Will that be possible? Yes, it can be possible. The next question is: will China make it? That is where I am doubting it. Maybe the story can go down one day as just Made in China attempt...because there will be another group of nations that will be filling in with this category.
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It will still be difficult for the Chinese Yuan to replace dollars. Where we know that Dollars is a very strong currency. It will not be shaken easily and it will also take a long time for Yuan to replace dollars. This is my response.
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Honestly, it is very difficult to believe in this, because already very long time all countries are trying to equate themselves with America and dollar, and therefore dollar is still the most popular and demanded currency around the world, and I think in the future it will most likely remain so.
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There was a claim that China want their currency which is yuan to replace the US dollar as the worlds global currency. That would give it more control over its economy. sometimes I just be wondering how this countries always push their own currency in the forefront ahead of other country, regarding to what China is saying about their yuan currency in trying to make it gain more value than US dollar. Base on your own opinion can that be possible?
I have not idea why china want to replace their own currency into USD .Its never be possible i think you don't have any news source to publish it here .However we all know that USD is a strong currency can you now see that bitcoin is more stronger than USD .So i think its really possible to replace USD into bitcoin .
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There was a claim that China want their currency which is yuan to replace the US dollar as the worlds global currency. That would give it more control over its economy. sometimes I just be wondering how this countries always push their own currency in the forefront ahead of other country, regarding to what China is saying about their yuan currency in trying to make it gain more value than US dollar. Base on your own opinion can that be possible?
This are only mare rumor that will never see the day of light, it is very impossible for something like this to happen, we are in the 21st century and not in stoneage, what will the US be doing when dollar is been replaced by yuan! Maybe it is possible with a small and dependent country but not a world power like the United States, never going to happen.
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We see that China's economy has grown greatly in recent decades, so the desire of its government to see its national currency, the yuan, as a global world currency instead of the dollar is quite logical. To this end, the Chinese government is also the first among other large states to seek to release its digital yuan. This may well be possible in the future. However, the yuan is unlikely to succeed in completely replacing the dollar; most likely, there will be several world currencies, including the yuan.
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What I know is China has 2 fiat currencies (CNY and RMB) and now they are making digital yuan using blockchain technology.
The dollar is a strong currency and has a lot of influence in every transaction of selling and buying goods between countries, which will replace the dollar in the future is Bitcoin, cross-country transactions will take place quickly and easily to use. I think digital Yuan or fiat currency Yuan there is still a long way to go for shifting dollar currencies in terms of global transactions.
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Currently, China is developing very fast in all sectors, so that now China is right to become the next Adi power country. The Chinese currency itself has been widely used in several Asian countries, but I think the Chinese Yuan will not easily replace the Dollar as a global currency. As long as the United States is still a powerful country, the Dollar currency will not be replaced by the currencies of other countries.
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^ the dollar cannot be replaced. not without reason why the dollar is called the strongest currency. dollars are used for many international transactions, so the world will continue to need it. digital yuan will only be strong in china.
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It will not be possible to replace it with China One and digital currency, which is so popular like USD.
Bitcoin is growing in popularity day by day but USDT is a hundred year old coin so it is very unlikely that one bitcoin will be replaced by other cryptocurrencies.
Ofcource this isn't possible that bitcoin or USD replace by any other coins . USD still used as a online payment methods servel exchages .
Their is currency's like yfii who's price is higher than bitcoin but still bitcoin is highly useable currency as compare to another one .
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For now I don't think the dollar can be replaced by any payment, for several reasons. But in the future, I believe that the dollar can be replaced.
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Just Another conspiracy with huge magnitude without direction. Despite their downturn and economic collapse, do you really think US will continue to sit down and watch another country take down their currency? Capital No!!!
We should forget about what read and see in the news and media, forget the political difference in their nation, they are as strong as lion who always and continue to rule the jungle.
That's my opinion.
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I don’t think it’s possible to replace the dollar. Because it has already been able to gain popularity all over the world. So I think the use will be worldwide. So replacement is not possible. However, we should think about this issue in the future.
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If I may get you mean replacing dollar with cryptocurrency. That will take a long while to happen because even the internet is still not widely spread. Dollars will continue to rule for now.
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Most countries accept dollars. Any local money exchange provides dollars. Every country has an ambassador. However, the dollar is much more popular around the world. However, it is unknown at this time what he will do after leaving the post.
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I think cryptocurrencies are the most common in the world. However, the US dollar has been officially legalized worldwide. Much more popular around the world. So I don’t think it will be able to replace in the future.
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The US dollar is accepted by people all over the world. Because it is possible to trade dollars from different countries of the world. However, the current cryptocurrency is the most popular in the world. However, I have no idea whether any currency will replace the dollar in the future.
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If you read Microstrategy's CEO statement, he is worried about inflation and decaluation of usd that is why they are ready to move fully into bitcoin and this just signifies that usd is moving towards longterm weakness.
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Actually it could happen. Moreover, China is like fighting the USD openly and seriously. In this case, they consider that the USD has had power for too long and dominate currencies around the world. We know how strong and powerful China is in the world. So maybe this could happen in the next few years if China is serious and wants to go beyond it.
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There was a claim that China want their currency which is yuan to replace the US dollar as the worlds global currency.
It is possible, moreover now they have Digital Yuan. But it should be not easy to replace dollars because the US government won't let China lead the world's currency. Let's see what the US government plans to compete with China. I think there will be a big plan to apply in the near future.
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I think these questions should be when USD will be replaced. This happens many times before in our history. Gold is replaced by petro dollars and petrodollars will also be replaced by digital currency or electronic money one day. People like to use what is convenient for them and in this case, crypto is the winner.
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china wants to introduce its own country currency worldwide. But the dollar is now very popular as a currency around the world. One step ahead in the popularity of the dollar. So I think the dollar will have popularity all over the world. Will get china currency and popularity in the future.
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I don't think these dollars can be replaced by anything. Especially by crypto which has not received approval from all countries. Dollars are a very strong currency, and indeed their range is worldwide. So it will be difficult to replace.
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Gold was once reserved funds for every country. Later on, the USA replace the petrodollar with gold. Till now it still the same but this will also be replaced with something else. Thats how it happens every time we have seen from the past. I think BTC can be used as reserve funds like how we have used it with gold before.
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There will come a time when the dollar will be replaced by another currency, and it will become a great history of world finance. But for now the dollar is still an idol, even though now China continues to develop its Yuan currency.
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Yes I think so, but it depends on the currency that it would be replaced with cause dollar is one of the most valued currencies in the world.
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I don't think these dollars can be replaced with anything else. Because dollars itself is a very strong currency. Where this has also been accepted and approved by all countries to become an international currency. Maybe if something is replaced it means that the currency is amazing.
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I think the dollar is much more popular around the world. So the dollar cannot replace any currency. No new currency in the world can replace the old one. However, any new currency may be popular all over the world. So I think China yuan could gain popularity.
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It may well be. The Chinese economy is now developing very rapidly and it is quite possible that in the near future it will displace the dollar. The printing of dollars is growing and this does not give it sustainability and value. In the past year alone, about 22 percent of the total money supply of dollars was printed. It is enough that some large states refuse to use it and it will collapse.
In many ways, in this regard, it will depend on the success of the launch and circulation of the Chinese digitalized yuan. This is a new type of financial asset that has no analogues yet. It won't even be based on blockchain technology as previously thought.
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There was a claim that China want their currency which is yuan to replace the US dollar as the worlds global currency. That would give it more control over its economy. sometimes I just be wondering how this countries always push their own currency in the forefront ahead of other country, regarding to what China is saying about their yuan currency in trying to make it gain more value than US dollar. Base on your own opinion can that be possible?
I think anything can happen, but it is really difficult to replace dollar.. Although yuan and EURO are popular, but dollar is still superior and has been used almost all of the world. Maybe whole crypto currency will be more popular, I think cryptos have potential to compete with dollar.
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And I, for some reason, am sure that in the next 10 - 20 years, the Chinese yuan will oust the dollar from the first position. The dollar took its leading position at a time when the United States held an overwhelming lead, politically and economically. And now the world has changed, the end of US hegemony is coming, and with this something may change for the better.
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The strength of the U.S. economy instills trust. Could China's ambition to make the yuan the world's currency lead to a dollar collapse? Probably not. Instead, it will be a long, slow process that results in a dollar decline but not to collapse.
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I think not, because the dollar is the world currency, which people use in almost every country, so somehow replace the dollar is unlikely to ever get, I do not even know what could happen to the dollar to replace something
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The American machine will never allow the dollar to be replaced. No matter how strong or capable the Chinese yuan is, not only the dollar is at stake, the pride of Americans is also at stake. If we look at history, wars have started for much less, then what is to come I don't think is very good :-\
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It is not so easy to replace dollar. Even if it happens it will still take many years to happen. Because using crypto instead of fiat is not easy process. It needs infrastructure and teaching people about crypto and how to use it.
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America has enough trumps in the sleeve. USA cannot surrender without a fight. The United States continues to influence the world, and the world is forced to reckon with SEC ..
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In our world, everything is possible from here, there is nothing surprising.
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I really did not get the direction of this post yet. Is it that China wants to replace US dollar in the world economic trade, in terms of international (from the position of USD being used as a standard for international means of transactions) or as a stable coin in the crypto market? USD has been used for several years as a standard of transactions internationally, and because of that, it made its use in the crypto world go popular too. China yuan could find it difficult to take such place, despite the fact their economy is good internationally.
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Whatever popularity is gained by cryptocurrency & however there prices has become, they Can't be replaced with dollar.
World's economy is depend on real money not by the Crypto.so you can dream for it but can't be possible in reality
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If you look at the history of mankind, it becomes clear that everything is possible. It's another matter when this can happen. As it seems to me now this most likely will not happen because the world is now very tied to the dollar and there are not too many prerequisites for changes.
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There was a claim that China want their currency which is yuan to replace the US dollar as the worlds global currency. That would give it more control over its economy. sometimes I just be wondering how this countries always push their own currency in the forefront ahead of other country, regarding to what China is saying about their yuan currency in trying to make it gain more value than US dollar. Base on your own opinion can that be possible?
I have read several opinion here, I think I agree It is hard to replace dollars. Because In my opinion iT is really difficult to change the habit. We all know dollar is still dominant , So I don't believe it will happen
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There was a claim that China want their currency which is yuan to replace the US dollar as the worlds global currency. That would give it more control over its economy. sometimes I just be wondering how this countries always push their own currency in the forefront ahead of other country, regarding to what China is saying about their yuan currency in trying to make it gain more value than US dollar. Base on your own opinion can that be possible?
The Chinese yuan has a good chance of replacing the US dollar in the future. This is primarily due to the fact that the Chinese economy is developing very rapidly. If the current pace continues, it will be possible in a few years. Given how many dollars have been printed recently, states can simply abandon the dollar and switch to the yuan.
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I'm not sure, but it will happen.
China has many ways of doing this, they also support digital currencies which can later be used to make payments and be recognized by banks.
We can learn from companies as big as NOKIA that they can fall because they don't keep up with the times
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For now I don't think the dollar can be replaced by any payment, for several reasons. But in the future, I believe that the dollar can be replaced.
If ever the dollars will be replaced by any currency. I think the regular rotation of transaction is still the same despite of changes. Crypto some day will become the regular norms around the globe. The old practice will remain in new generation and technology of the future.
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If can possible but not be happened once a day, now China has taken control the workd's economy system so will us dollar be replaced by Yuan. Noting is impossible in this magical world.
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There was a claim that China want their currency which is yuan to replace the US dollar as the worlds global currency. That would give it more control over its economy. sometimes I just be wondering how this countries always push their own currency in the forefront ahead of other country, regarding to what China is saying about their yuan currency in trying to make it gain more value than US dollar. Base on your own opinion can that be possible?
I think it's impossible in my own perception. We all know how powerful the Government of USA country. US dollar is always remains world global currency at this time, while nobody could compare their power.
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Every country currently has developed a lot of digital coins which are priced in dollars, there is news that the Yuan will be supported by members of the government to be converted into digital coins and registered in the bank.
There will be no competition if you don't try and develop everything, because this is a fiat currency whose value will depend on many aspects I don't think these two currencies will compete with crypto, the dollar will still be in the lead and the Yuan will always keep up with the movements of the dollar.
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If can possible but not be happened once a day, now China has taken control the workd's economy system so will us dollar be replaced by Yuan. Noting is impossible in this magical world.
In future, Dollar can be replaced by financially dominated country like China, i agree with you. But Dollar can't be replaced by Bitcoin. Both are two side of currency. Digital currency and real currency are both different. Popularity and usages of Bitcoin will on the rise sure but it can't replace with Dollar.
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There was a claim that China want their currency which is yuan to replace the US dollar as the worlds global currency. That would give it more control over its economy. sometimes I just be wondering how this countries always push their own currency in the forefront ahead of other country, regarding to what China is saying about their yuan currency in trying to make it gain more value than US dollar. Base on your own opinion can that be possible?
The Chinese yuan has a good chance of replacing the US dollar in the future. This is primarily due to the fact that the Chinese economy is developing very rapidly. If the current pace continues, it will be possible in a few years. Given how many dollars have been printed recently, states can simply abandon the dollar and switch to the yuan.
I totally agree with you and I believe the reason the US Dollar has been the worlds currency is because of their economy which has always been seen as a strong or the strongest economy but like you mentioned? China is also now in the forefront in terms of Economic Development and if this is sustained over time, Yuan replacing Dollar is inevitable and we can also see what in happening between China and the US in terms of Economic war.
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^ the dollar cannot be replaced. not without reason why the dollar is called the strongest currency. dollars are used for many international transactions, so the world will continue to need it. digital yuan will only be strong in china.
I think It is really difficult to replace Dollar. Dollar is very popular and the most popular than other currency. I don't believe crypto currency will replace dollars at the few years again..That's my opinion mate.
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The concept of the dollar as the basis of international and domestic commerce works best from a practical standpoint.It’d be very hard to get a crypto currency to play that role, so I don’t think we’re going to see any changes in the near future.
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So far, the dollar still becomes the king of the currency in the world. All currencies depend on $.
However, now, we may be hearing about the effort from China to compete with the dollar. I do;t know what will happen to morrow. But maybe China needs bigger things that can make them replace $.
And about cryptocurrency? I also don't think it can, at least for recent.
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the American dollar is and will be the currency, unit of measure, of reference fiat in the world for a long time, i don't think the Chinese currency will be able to replace it, personally i hope that in some time an altcoin will succeed in taking its place as a point of reference
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It is very difficult to replace the dollar as a global currency, because the dollar has been recognized by the world. And this currency has become a benchmark for other currencies, China is indeed a large country but the Yuan is still not very popular when compared to the Dollar. So I think it will be difficult for the Chinese or the Yuan if they want to replace the American Dollar.
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The position of the dollar or yuan in the world financial market is primarily determined by the state of the economies of these states. We see that economically China continues to strengthen, and its economy continues to grow. Therefore, it is possible that someday the yuan will replace the dollar as a world currency. Of course, this will happen gradually. First, he must compare with the dollar, and only then beat him. This is a very long and thorny path.
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There was a claim that China want their currency which is yuan to replace the US dollar as the worlds global currency. That would give it more control over its economy. sometimes I just be wondering how this countries always push their own currency in the forefront ahead of other country, regarding to what China is saying about their yuan currency in trying to make it gain more value than US dollar. Base on your own opinion can that be possible?
I think it's impossible in my own perception. We all know how powerful the Government of USA country. US dollar is always remains world global currency at this time, while nobody could compare their power.
But brother Bitcoin is the currency that has the potential to beat the Dollar and other currencies. Because it is not a native currency of a country. It is a block chain based decentralized currency that no one can holds this currency. And every country invest money in Bitcoin. So, Bitcoin can becomes the global currency of the world.
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No it is very impossible dollar be replaced because it will be implemented in all the countries especially in the europe and it will be agreed by the government cabinet members to used one of this kind of money.
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No, because the worldwide Dollar is the main currency or we can say the medium of exchange against the goods. China is trying hard to pushing its Yuan but the fact is Dollar is acceptable worldwide instead of Yuan. No doubt China is growing quickly but he could not convince other countries to trade only in Yuan still Dollar is in top demand.
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The dollar can be replaced when 100% of the world's goods can be bought for cryptocurrency, including oil and gas. But it could cause an economic and financial crisis around the world.
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Creating something to replace the dollar - why, for what purpose to do it. Euro, dollar, ruble are everyday life. It is quite possible to replace it with digital currency.
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There was a claim that China want their currency which is yuan to replace the US dollar as the worlds global currency. That would give it more control over its economy. sometimes I just be wondering how this countries always push their own currency in the forefront ahead of other country, regarding to what China is saying about their yuan currency in trying to make it gain more value than US dollar. Base on your own opinion can that be possible?
I have read many big brother opinion here said dollar is really difficult be replaced. Because US government will keep and against it. Dollar is very popular but I also agree anything can happen at crypto space . Because digital currency is the future currency.
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Replacing the dollar is a really difficult thing the united states wanted to replace the dollar to protect its own interests but in the case of cryptocurrencies, no one can control it. Even if you introduce your own country's currency it will take a long time to become popular.
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Replacing the dollar is a really difficult thing the united states wanted to replace the dollar to protect its own interests but in the case of cryptocurrencies, no one can control it. Even if you introduce your own country's currency it will take a long time to become popular.
of course any country would like to have its national currency strong enough to be used as an international currency, like the United States dollar. but for this one really needs to have not only a strong economy, but also a sufficiently large influence throughout the world, in political, economic and financial terms. Perhaps even militarily. recently, there has been a very frequent discussion of a competition between the dollar and the Chinese yuan.
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China has been doing very well in terms of economic development and growth, and I believe that this is how a countries currency gets valuable, but for China to stand up now and want their yuan currency to replace united states dollars, I won't say it's impossible but its definitely not going to be an easy one, and even if this is ever going to happen, it will take several tens of years, the entire would have already recognized united states dollars as the global currency, it will take a lot of time to change this.
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It will be difficult to replace the dollar, because this currency is very popular. Besides that, the excess of the dollar is that this currency can be accepted and used almost all over the world, while Bitcoin and Cryptocurrency are still many countries that reject it.
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Rather, USDT will replace the dollar than the dollar will disappear. It is very doubtful that the US will give up without a fight. This is my opinion.
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There was a claim that China want their currency which is yuan to replace the US dollar as the worlds global currency.
It is just a claim, in fact dollar is still difficult to be replaced with other currencies. I never say it is impossible, but it needs a lot of time to replace dollars. By the way, personally, I have no problem with the dollar, or with other currencies that can be replaced dollar. I just think about when the time to replace it, or probably dollar will last to be the most important currency to use. It is still hard to predict, mate!
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There was a claim that China want their currency which is yuan to replace the US dollar as the worlds global currency.
It is just a claim, in fact dollar is still difficult to be replaced with other currencies. I never say it is impossible, but it needs a lot of time to replace dollars. By the way, personally, I have no problem with the dollar, or with other currencies that can be replaced dollar. I just think about when the time to replace it, or probably dollar will last to be the most important currency to use. It is still hard to predict, mate!
I agree with you mate, Dollar is still difficult to be replaced with other currency. Chinese is the biggest economic ,but dollar is ore popular than yuan. Maybe at the coming future, we will see dyhe digital currency replace dollar.
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There are a lot of US Dollar marektcap and it may be difficult for cryptocurrency to pass and if it happens it will definitely take a long time to be created like that.
I also believe this cryptocurrency can be what we want because cryptocurrency is not centralized and can change over time.
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There was a claim that China want their currency which is yuan to replace the US dollar as the worlds global currency.
It is just a claim, in fact dollar is still difficult to be replaced with other currencies. I never say it is impossible, but it needs a lot of time to replace dollars. By the way, personally, I have no problem with the dollar, or with other currencies that can be replaced dollar. I just think about when the time to replace it, or probably dollar will last to be the most important currency to use. It is still hard to predict, mate!
I agree with you too but I really dont see any Fiat currency replacing Dollar in the near future let alone cryptocurrency. You realize that means, the UAS have lost their economic power to a digital currency and that goes for other countries too because if the Dollar is what most if not all countries measure their currency by and it is now replaced by the Dollar, what do you think will happen to the other currencies? So I dont think this is happening any time soon.
I agree with you mate, Dollar is still difficult to be replaced with other currency. Chinese is the biggest economic ,but dollar is ore popular than yuan. Maybe at the coming future, we will see dyhe digital currency replace dollar.
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Usd is a world role model and it help in making the market stable if any coin can replace the dollar it is Bitcoin so must hold the coin
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Usd is a world role model and it help in making the market stable if any coin can replace the dollar it is Bitcoin so must hold the coin
since the government always manipulates its capabilities, creating inflationary processes in the country, this leads to the depreciation of national currencies. it is thanks to cryptocurrencies that people will be able to save their savings without losing value, as is now happening in many countries with national currencies.
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I think it is difficult for the Chinese Yuan to replace the dollar. Because the dollar is a very strong currency. Therefore the dollar is still the most popular currency in the whole world, and I think that in the future it will most likely remain that way.
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It will not work, for me currency is everything that is ingrained from birth. and it would be so hard it wouldn't even be able to replace it. Moreover, the value of crypto is also uncertain, which can be an international currency.
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In any case, the Chinese government will try to replace the dollar with its yuan, at least first in its Asia-Pacific region. China's economy is very powerful, it is developing rapidly and claims to bypass the US economy. Therefore, everything is absolutely possible. The official release of the digitized yuan in the near future may play a significant role in this. After all, all other states, including the United States, have already lagged far behind China in digitizing their currencies.
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Yes, it can be replace because as we talking about the country China then it has the leading currency but even not now it currency has been working as a dollar so that can be replaced if a country wants.
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There was a claim that China want their currency which is yuan to replace the US dollar as the worlds global currency.
How can Yuan replace the dollar? I am not sure it is possible because most countries in the world already supported the dollar and are not familiar with yuan. China can claim their yuan to replace dollar in the future but just look at the fact. Even only small numbers of countries in the world that are familiar with yuan.
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There are always many questions about this. And the answers are no for this time, but maybe for the future.
Right now. China is trying to pass the Dollar by the US.
But, that big country will not probably let it be. They will try to make dollars to be always number one.
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Usd is a world role model and it help in making the market stable if any coin can replace the dollar it is Bitcoin so must hold the coin
Even Bitcoin won't be able to replace the Dollar $ at least that is not visible yet. We all love Bitcoin and we want it to eventually be globally adopted but to think the Dollar will be replaced by Bitcoin is stepping too far because thinking of what the dollar is and what it represents, then you might have a rethink to that claim.
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As long as US remains the most powerful country and the base pair for most currency exchange it wouldn't be that easy to replace it with any other country not even yaun although it wouldn't be agued that the Chinese economy is getting stronger by the day and US economy fluctuates that doesn't still make dollar replaceable
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Bitcoin is logically superior because it’s not government money. Bitcoin’s not about to replace the dollar, or any other broadly circulated money form. While there’s much to dislike about the dollar but this change will not happen soon.
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I believe that with the forthcoming appearance of the digital Yuan, many things that seemed unable to change could change in a short space of time. The Chinese economy does not stop growing and reaching new markets while the United States and the dollar each day have higher inflation and less power, and these events undoubtedly threaten the reign of the dollar, moving it closer to second place every day and increasing China's power around the world.
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I believe that with the forthcoming appearance of the digital Yuan, many things that seemed unable to change could change in a short space of time. The Chinese economy does not stop growing and reaching new markets while the United States and the dollar each day have higher inflation and less power, and these events undoubtedly threaten the reign of the dollar, moving it closer to second place every day and increasing China's power around the world.
But there is no need to completely write off the dollar from the accounts yet. This is the world currency that regulates the currencies of many states. Of course, China has developed its economy very much recently, but I think that the struggle for leadership will last for quite a long time.
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There was a claim that China want their currency which is yuan to replace the US dollar as the worlds global currency. That would give it more control over its economy. sometimes I just be wondering how this countries always push their own currency in the forefront ahead of other country, regarding to what China is saying about their yuan currency in trying to make it gain more value than US dollar. Base on your own opinion can that be possible?
Yes, it can. But Not at the few years. Dollars is more popular than other.
Cryrto currency will need long time yo be more popular as dollar.
But I believe it will happen.
Lets see.
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There was a claim that China want their currency which is yuan to replace the US dollar as the worlds global currency.
How can Yuan replace the dollar? I am not sure it is possible because most countries in the world already supported the dollar and are not familiar with yuan. China can claim their yuan to replace dollar in the future but just look at the fact. Even only small numbers of countries in the world that are familiar with yuan.
This is quite possible. Here, the statement of the Chinese government itself is not so important as real actions that can raise the Chinese economy to the first place in the world. Following this, it is absolutely probable that corresponding changes will take place in the financial world. This will be a long process, most likely that the yuan will first displace the dollar in the South Pacific region, and then and further.
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Can it be replaced ...in theory yes. However, I don't like the odds
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Possible after thousand or million years from now. US and China are economic friend now develop good condition for peace. In terms of power US is ahead over China. Today China is gaining more than US in terms of economy. I think that is the ground why China wants to defeat dollars.
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Possible after thousand or million years from now. US and China are economic friend now develop good condition for peace. In terms of power US is ahead over China. Today China is gaining more than US in terms of economy. I think that is the ground why China wants to defeat dollars.
China and the United States will never be "friends," especially with the latest news in which a group of Chinese hackers allegedly attacked some infrastructures in the United States. The United States is a great military power, but over the years it has to fight against great inflation that weakens it compared to its competitors. Nothing is eternal, so I would not be surprised if the United States soon lost its status as the world's leading economic power.
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Well, in this world, no conditions seem to be permanent. Before now, there were great empires and kingdoms but unfortunately, some of these great empires and kingdom's has falling give rise to the existing nations. Dollar has maintained a great regime for many years but may not last forever. However, I don't think that the Chinese yuan will ever overtake or replaced the US dollar no matter how their economy is booming. The US has advantage over China even on the world economy, and there is also a language and social economy powers beside been a great war powers by the US over China.
China will only try to be the biggest economy but won't get the desired supports from the G7 nations. A tree can not form a forest. This is my opinions.
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Well, in this world, no conditions seem to be permanent. Before now, there were great empires and kingdoms but unfortunately, some of these great empires and kingdom's has falling give rise to the existing nations. Dollar has maintained a great regime for many years but may not last forever. However, I don't think that the Chinese yuan will ever overtake or replaced the US dollar no matter how their economy is booming. The US has advantage over China even on the world economy, and there is also a language and social economy powers beside been a great war powers by the US over China.
China will only try to be the biggest economy but won't get the desired supports from the G7 nations. A tree can not form a forest. This is my opinions.
Nevertheless, in a few decades, China has turned its economy into the most powerful in the world. this was done through a huge effort and now it works. It is unknown how the US-China relations will develop further, but the fact that China has loudly declared itself as a superpower is undeniable.
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The stable coin market can certainly change over time and of course also like in cryptocurrencies, the more requests to buy Bitcoin or altcoins, the marketcap of the altcoins will certainly rise again and the marketcap will rise.
YUAN and USD compete with each other in the real market and of course also overlap to create their own market and want to be the king of Fiat around the world and maybe in the future will also collaborate with cryptocurrencies in the future to be the best.
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Nevertheless, in a few decades, China has turned its economy into the most powerful in the world. this was done through a huge effort and now it works. It is unknown how the US-China relations will develop further, but the fact that China has loudly declared itself as a superpower is undeniable.
What you say is totally true. China has managed to climb to become one of the greatest economic powers in the world thanks to effort and enormous sacrifices (its own government devalued the Yuan when necessary) and knowing how to compete with other markets. While China devalued its currency, the United States government did nothing against inflation, and the United States can pay for it at a high price.
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Possible after thousand or million years from now. US and China are economic friend now develop good condition for peace. In terms of power US is ahead over China. Today China is gaining more than US in terms of economy. I think that is the ground why China wants to defeat dollars.
As long as the Chinese government applies the devaluation of the yuan in order to increase the competitiveness of Chinese goods, it is impossible for the yuan to surpass the US dollar until then.
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I think it is just a though and dollar can never be replaced but it can be lowered because the currency of dollar can be so low in the future and it will be present in the market. That is just my thought, and let's watch in the future.
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I think it is just a though and dollar can never be replaced but it can be lowered because the currency of dollar can be so low in the future and it will be present in the market. That is just my thought, and let's watch in the future.
The dollar has a very strong influence all over the world. Perhaps the Chinese Yuan will compete with the dollar. In many ways, these processes will be influenced by the development of the economies of China and the United States. Given the breakthrough made by the Chinese economy, the dollar has a real competitor.
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The dollar is still in strong positions. Therefore, in the near future, he will not go anywhere. However, its competitors such as the yuan, the euro may gain strength and the dollar may gradually cede its absolute power in the financial world. The economies of states do not stand still. Now we see the economic growth of China and therefore its weight in the world financial market will grow.
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dollar can never be replaced but it can be lowered because the currency of dollar can be so low in the future
How to lower dollars? I don't understand what you mean. In my opinion, the dollars will have the same role as the international currency and it has a big influence on the world's finance and economy. If there will be no currency that can have the same or bigger roles, the dollars will be never replaced. Even BTC or ETH seems hard to replace dollars.
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dollar can never be replaced but it can be lowered because the currency of dollar can be so low in the future
How to lower dollars? I don't understand what you mean. In my opinion, the dollars will have the same role as the international currency and it has a big influence on the world's finance and economy. If there will be no currency that can have the same or bigger roles, the dollars will be never replaced. Even BTC or ETH seems hard to replace dollars.
I think you're right, dollars never been replaced by crypto currency. I think both have own market. So they will never replace each other.
But It's just my prediction, maybe wrong.
Dollars has been known by many people almost all the world.
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I think you're right, dollars never been replaced by crypto currency. I think both have own market. So they will never replace each other.
But It's just my prediction, maybe wrong.
Dollars has been known by many people almost all the world.
We are not talking about cryptocurrencies going to replace the dollar, we are talking about other currencies such as the Yuan. And as I have already said, it is something that would not surprise me if it happened in the not too distant future, while the Chinese government is able to devalue its own currency to save it from a catastrophe, the United States government does nothing to fight against the great inflation that the dollar has suffered for many years.
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it is possible but it will take a couple of decades as the Chinese economy dominating the trade market around the world, as we have seen the world is made in china. From electronic products to kitchenware, even luxury brands are made in China. So there is a possibility but it will not gonna happen anytime soon.
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I don't think it is possible united state have really worked to get this done which I believe they wont reliant china can't just come and think they can replace yuan with usd
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There was a claim that China want their currency which is yuan to replace the US dollar as the worlds global currency. That would give it more control over its economy. sometimes I just be wondering how this countries always push their own currency in the forefront ahead of other country, regarding to what China is saying about their yuan currency in trying to make it gain more value than US dollar. Base on your own opinion can that be possible?
I think it's old questions and always be repeated.
in my opinion, everything can happen at crypto currency space.
So, I believe crypto or other have potential to replace dollar at the coming future.
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There was a claim that China want their currency which is yuan to replace the US dollar as the worlds global currency. That would give it more control over its economy. sometimes I just be wondering how this countries always push their own currency in the forefront ahead of other country, regarding to what China is saying about their yuan currency in trying to make it gain more value than US dollar. Base on your own opinion can that be possible?
I think it's old questions and always be repeated.
in my opinion, everything can happen at crypto currency space.
So, I believe crypto or other have potential to replace dollar at the coming future.
Yes, youre right . Its ood question and always be question.
Because many people want to know, Who can replace dollar, I think crypto has potential to replace dollar at the coming future.
thats normal and really will happen while crypto currencies are so popular as dollar.
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For now I don't think the dollar can be replaced by any payment, for several reasons. But in the future, I believe that the dollar can be replaced.
No, It can be.I think dollars can be replaced at the coming years . Dollar as fiat money.
But we don't know, If dollars will have digital currency.
I think It will never be replaced.
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For now I don't think the dollar can be replaced by any payment, for several reasons. But in the future, I believe that the dollar can be replaced.
No, It can be.I think dollars can be replaced at the coming years . Dollar as fiat money.
But we don't know, If dollars will have digital currency.
I think It will never be replaced.
Talking about dollars , can be replaced or not, I think It depends on the US government.
If the government will keep their dollars, I hope they will create digital dollars.
I think It's the best way to do.
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Theoretically and practically, it is quite possible to replace the dollar as a global world currency. The dollar since the seventies has not been backed by gold and paper dollars have been printed many times more than the value of all goods and services in the United States. If governments now presented paper dollars to the US government for redemption, the US would immediately default. For this reason, the US government makes sure that the paper stock of dollars is not returned back into the country. This balancing act is very dangerous.
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This is a very important question, but without a straight forward answer, come to think of it, the USD has been the world currency since the US has been the world power, aside this the China nation has been working so hard to lead in the world power but it has continued to be a fruitless effort, The US nation will not seat and watch that happen because for the Chinese Yuan to be the world's currency that simply means the Chinese nation rules the world.
What I'm saying in reply to the question is this, it will be very impossible, if there should be any possibility in it, it will be hell difficult.
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You can replace the dollar with digital collateral currency. To do this, the state needs to create, like the dollar, a currency that was released into circulation. This will gradually replace the dollar.
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There was a claim that China want their currency which is yuan to replace the US dollar as the worlds global currency. That would give it more control over its economy. sometimes I just be wondering how this countries always push their own currency in the forefront ahead of other country, regarding to what China is saying about their yuan currency in trying to make it gain more value than US dollar. Base on your own opinion can that be possible?
For now anr for the few yeras again, I think It is impossible to happen.
Dollar cannot be replaced.
Dollar is still superior and more popular than crypto.
But maybe at the coming future, It can be.
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Theoretically and practically, it is quite possible to replace the dollar as a global world currency. The dollar since the seventies has not been backed by gold and paper dollars have been printed many times more than the value of all goods and services in the United States. If governments now presented paper dollars to the US government for redemption, the US would immediately default. For this reason, the US government makes sure that the paper stock of dollars is not returned back into the country. This balancing act is very dangerous.
In terms of economic development, China is becoming a world leader. Perhaps the Chinese currency will be able to defeat the dollar in its long-term leadership. But unfortunately, the default of the dollar will hit the economies of all countries very hard, so I have an ambivalent attitude to this phenomenon. But if we think objectively, the dollar should collapse in the foreseeable future.
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As for me I think in the future fiat money wouldn't exist. But it will be USDT for example. May be there will be digital state currencies like Chinese and Russian digital assets. But there digital currencies are not decentralized like crypto.
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The US has been an economic stronghold for a century or so. They strived for and earned that enviable as the world power. And the dollar is backed by a strong and stable economy. Thus almost all financial evaluation is pegged to the dollar
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I think the dollar can never be replaced with the currency of cryptocurrency, it can be seen from the very limited supply of cryptocurrency which can cause price inflation if used worldwide and of course it will make a lot of people lose if that happens.
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The dollar currency will not be replaced by other coins, especially since the coin is a cryptocurrency because until now the dollar support is still very strong, in contrast to cryptocurrencies and of course supply may be an important influence.
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Of course, this can happen, but not with cryptocurrency, only a developed country can change the dollar. There are great chances that China will put the dollar on the back burner, it's just guesswork.
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Of course, this can happen, but not with cryptocurrency, only a developed country can change the dollar. There are great chances that China will put the dollar on the back burner, it's just guesswork.
The popularity of the dollar in some countries is so great that ordinary people transfer their earned money into dollars for greater safety. This shows how much influence the dollar has on the economies of these countries. But I agree that such a strong player as China can change the situation in the future.
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I don't think it is possible for there are so many kinds of barriers need to destroy before dollars be change. Not easy challenge to change dollars. I cannot imagine the next thing to happen if yuan replace usdt. I still believe dollars will remain in circulation regardless of digital technology that is now in high demand.
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There was a claim that China want their currency which is yuan to replace the US dollar as the worlds global currency. That would give it more control over its economy. sometimes I just be wondering how this countries always push their own currency in the forefront ahead of other country, regarding to what China is saying about their yuan currency in trying to make it gain more value than US dollar. Base on your own opinion can that be possible?
About China clammed yuan will replace dollars, it doesn't happen yet.
dollars still dominate.
So, I think crypto currency also can replace dollar at the coming future.
Buy anything can happen at market
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It depends on what to replace it with. After all, the dollar in the financial system is like bitcoin in cryptocurrency. All currencies of the world are traded against the dollar.A dollar can buy everything. It's the same with Bitcoin. So I do not know what should happen for the dollar to stop being accepted somewhere and another currency to come in its place.
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In my opinion, US dallar can't be replace by any currency, it is the king of fiats currencies just like bitcoin remains the king all coins/tokens. The Chinese yuan can not, and will not dominate the US dallar no matter how the Chinese economy is booming, the western nations will always be ahead of other countries in many ways including the world economic affairs. China will always make some impact but will not dominate USA/Britain, these two nations are the pointer to whether on economy, political, technology, matters etc.
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It should be remembered why the dollar dominated. During this time, it has become very deeply rooted and overgrown, it's like asking if some operating system can move Windows? The only way to replace the dollar is a very serious economic crisis.
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yes, if you look at the development of the world, China continues to advance in terms of technology, yes, it is possible that the Chinese yuan will replace the US dollar, in my opinion
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There was a claim that China want their currency which is yuan to replace the US dollar as the worlds global currency. That would give it more control over its economy. sometimes I just be wondering how this countries always push their own currency in the forefront ahead of other country, regarding to what China is saying about their yuan currency in trying to make it gain more value than US dollar. Base on your own opinion can that be possible?
I have read many opinion here, I think dollar cannot be replaced.
Dollar is so popular and almost all countries used dollar.
I think crypto and fiat money will grow together, didn't replace each other.
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in the economy maybe love is number 1 but to make the currency number 1 I think it might happen if the whole world depends on the country in the sense that almost 75% of the countries in the world owe to China, the yen could be number 1
but while the USA is still strong China cannot replace the USD currency
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There was a claim that China want their currency which is yuan to replace the US dollar as the worlds global currency. That would give it more control over its economy. sometimes I just be wondering how this countries always push their own currency in the forefront ahead of other country, regarding to what China is saying about their yuan currency in trying to make it gain more value than US dollar. Base on your own opinion can that be possible?
Yes, It can happen.
I think dollar can be replaced by crypto currency at the coming future. Except dollar will have own crypto.
If the Digital currency will dominance at the world, everything will be crypto.
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It's not easy to replace the dollar because the dollar is the currency for world trades. Basically we all know that most of the manufacturing plants are in China so most of the countries are fully dependent on their material that's why he pushed his currency to be used widely instead of the USA dollar but for the past 2-3 years I have noticed many countries are trying to reduce the dependability from the China. The USA dollar is quite strong than Yuan but we should not forget China's economy is growing very faster than other countries and he is giving strong fight to the USA at the moment.
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It's not easy to replace the dollar because the dollar is the currency for world trades. Basically we all know that most of the manufacturing plants are in China so most of the countries are fully dependent on their material that's why he pushed his currency to be used widely instead of the USA dollar but for the past 2-3 years I have noticed many countries are trying to reduce the dependability from the China. The USA dollar is quite strong than Yuan but we should not forget China's economy is growing very faster than other countries and he is giving strong fight to the USA at the moment.
The dollar is of great importance for the global financial system. I don't think there will be a fiat currency in the near future that will replace the dollar. Many people keep their savings not in the national currency but in US dollars, this indicates confidence in the dollar on the part of ordinary citizens.
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It will be almost impossible to replace the dollar now. Not only is it a key reserve currency, but most developed countries have huge external debts, which means that the dollar is secured by its own debt! It turns out to be a vicious circle, which is almost impossible to get out of in today's realities.)
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I still maintain my point: USD needs to be maintained so that we have a basis to compare the value of crypto and everything in the economy. Of course, I am not against the plan to launch CBDC as US crypto USD in the future. That could bode well for the global wave of CBDCs.
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It will be almost impossible to replace the dollar now. Not only is it a key reserve currency, but most developed countries have huge external debts, which means that the dollar is secured by its own debt! It turns out to be a vicious circle, which is almost impossible to get out of in today's realities.)
I think crypto has potential to against dollar at the coming future.
My prediction dollar will have own crypto currency soon.
Because If dollar didn't have good improve, It will be passed by many people, move to digital currency.
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Of course the US dollar can very well be replaced by any economic powerhouse, as long as it can hold sway over world economy. There was the Roman Empire before the US came to the scene. Anything can happen
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People are interested to change the world economy . But the technology had not before the crypto currency and blockchain invent . Now the popularity and reserve both are same strong that can replaced dollar to Bitcoin.
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This is not possible mate. Yah we can say that china is dominating international market and will grow more but to be able to replace USD with yuhan. This type of change need alot more then just crypto market.
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Right now, right here, I don't think the dollar can be replaced because CBDCs or even stablecoins lack the mainstream adoption and awareness that the dollar enjoys. They have to wait
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I think the dollar can never be replaced because the strength of the dollar currency is very high, several times China has tried to beat the dollar and tried to replace the dollar currency into its own currency and finally China is still unable to do that.
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I think this is not possible because most of us don't know about Yuhan well. Even this will be hard for Yuhan to adopt on whole crypto market. Because as we know most of the whale of crypto comes from USA and other top rated country who don't like CHINA alternative system.. Even China right now keep banning the bitcoin and this will effect the Yuhan to adopt in whole over the world .
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This question is not specific, however, I don't think Dollar can be replaced by any fiat currency, but as for crypto (Bitcoin), it may not be possible. One of the reasons is because the dollar is a fait note while crypto is digital, and the dollar is the world accepted international currency that may hardly be replaced by any other fiat currency too.
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The dollar is a strong currency and has a lot of influence in every transaction of selling and buying goods between countries, which will replace the dollar in the future is Bitcoin, cross-country transactions will take place quickly and easily to use
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How China can do it can be an amazing story of success but it can also mean the end of USA's leadership and hegemony, and that can mean that all the side effects of the country's propensity to print money will now be coming on itself. Now, to the question: Will that be possible? Yes, it can be possible. The next question is: will China make it?
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The dollar is a strong currency and has a lot of influence in every transaction of selling and buying goods between countries, which will replace the dollar in the future is Bitcoin, cross-country transactions will take place quickly and easily to use
There is no chance for Bitcoin or any other cryptocurrency to replace the dollar. Developed states will not agree to this under any circumstances. The American dollar can replace the currency of a country with a stronger economy than the US. It is in this area that the main battle for leadership takes place. We see such rivalry between the US and China. But China is still largely dependent on the supply of high-tech goods from the US and Europe. And this means that China will continue to be afraid of sanctions from these countries and regions. Until China gets rid of such dependence, its yuan will always be below the dollar.
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How China can do it can be an amazing story of success but it can also mean the end of USA's leadership and hegemony, and that can mean that all the side effects of the country's propensity to print money will now be coming on itself. Now, to the question: Will that be possible? Yes, it can be possible. The next question is: will China make it?
All could be possible if coupled with the support of several countries that began to refer to that country (china). However, it is not that easy, perhaps there needs to be support from most of the major countries in the world who have started to provide real support for it.
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China may try to do this.But it will take a long time before this happens. This is important to understand
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No doubt China is growing at a high pace but replacing the Dollar is not as easy as it seems to some people. The majority of the trade deals happen in the Dollar or we can say the dollar is the global currency to trade worldwide so replacing the dollar does not seem to be possible. Yuan can replace Dollar only when the trade deal globally starts in Yuan instead of the dollar otherwise it's not possible in my opinion.
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Eventually it will be, i believe
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The dollar is a strong currency and has a lot of influence in every transaction of selling and buying goods between countries, which will replace the dollar in the future is Bitcoin, cross-country transactions will take place quickly and easily to use
There is no chance for Bitcoin or any other cryptocurrency to replace the dollar. Developed states will not agree to this under any circumstances. The American dollar can replace the currency of a country with a stronger economy than the US. It is in this area that the main battle for leadership takes place. We see such rivalry between the US and China. But China is still largely dependent on the supply of high-tech goods from the US and Europe. And this means that China will continue to be afraid of sanctions from these countries and regions. Until China gets rid of such dependence, its yuan will always be below the dollar.
[Dollar cvannot be replaced as most coins are valued against dollars. But alternative currencies and coins have their own value. Have you heard of Mallconomy]
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Dollar will probably never be replaced by any crypto, and least likely by an altcoin. Dollar is the strongest currency in the world, and is the legal tender of the superpower nation - America. Moreover, the value of bitcoin and all altcoins are primarily expressed through USD. Maybe the government may accept crypto as a second legal tender, but it will be least likely to replace the dollar as a whole.
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In my opinion, it is quite difficult to replace the US dollar as the world's currency. It is true that today's China is also a superpower. but to make the yuan a currency is something that is possible, but if I were to ask, then I'm more convinced that the israel shekel will be much better able to replace the US dollar.
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It is difficult to replace the currency that the whole world uses, it is difficult to replace the currency that belongs to the country at all. We are already using a cryptocurrency that is difficult to replace.
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There was a claim that China want their currency which is the yuan to replace the US dollar as the world's global currency. That would give it more control over its economy. sometimes I just be wondering how this country always pushes their own currency in the forefront ahead of another country, regarding what China is saying about their yuan currency in trying to make it gain more value than US dollar. Based on your own opinion can that be possible?
Replacing the dollar will not be easy. The dollar has been built to control the international market worldwide. It will not be possible for the yuan to replace the US dollar. China's economy has grown to takeover the number one currency in the world. China is just trying to make that happen and it can't happen now. The USA as a country is not sleeping too.
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Yes, shifting the dollar from the top position is a very difficult task. I don't think anyone will be able to do this in the near future.
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The struggle for financial and economic superiority between the dollar and the yuan has been going on for a long time. This is actually an economic cold war going on between the two most powerful states. The dollar is still feeling good and does not intend to leave its championship. So far I don't see that option. Especially now that China is threatening to attack Taiwan. Even a quick and victorious war always has a very negative effect on any state.
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Yes, shifting the dollar from the top position is a very difficult task. I don't think anyone will be able to do this in the near future.
Dollar is more popular than other currency, we know about yuan, Euro and etc.
But Dollar is still dominant as economic value. Sure currency
I still believe dollar will have great future and still superior for the next several years again.
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Exactly who is leading the world. we are still in the pax americana phase, where previously pax britanica poudsterling led the world which was later shifted by the american dollar, the world seemed to be under their control. We will see in the future who will lead the world. again everything will experience a change of order if world war III occurs. there are certain countries that want the event to happen and take the opportunity.
but the US dollar is currently still very strong.
Of course no matter what happens to the world's currencies, we hope that crypto will still have a bright future and everyone can participate in it.
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It will be difficult to replace such a currency as the dollar, it is a currency that is used in all countries for trading.
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It will be difficult to replace such a currency as the dollar, it is a currency that is used in all countries for trading.
The dollar does not need to be replaced by anything, it is important to coexist with it.
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Theoretically, it is possible to replace the dollar as the world reserve currency with another currency. However, for this it is necessary that a significant majority of states want this and accept it as such, that is, in their international payments with other states they pay in a different currency. And for this it is necessary that the economy of this state be stable and the liquidity of the currency be high. I don’t yet see the prerequisites for switching from the dollar to another world currency. The desire of some states to move away from using the dollar is more due to political reasons.
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There was a claim that China want their currency which is yuan to replace the US dollar as the worlds global currency. That would give it more control over its economy. sometimes I just be wondering how this countries always push their own currency in the forefront ahead of other country, regarding to what China is saying about their yuan currency in trying to make it gain more value than US dollar. Base on your own opinion can that be possible?
Over the past few months, countries have slowly stepped away from using USD and wanted to trade in their currency or Yuan. Russia is currently doing the majority of its trades in the Yuan. Few African countries started holding their Forex reserves in the Yuan. BRICS is also looking to trade in their currency and wants to launch a new currency to counter USD effects.
It is very early to say that a currency will replace USD in the near future, but we might see this happening after a few decades I think.
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There was a claim that China want their currency which is yuan to replace the US dollar as the worlds global currency. That would give it more control over its economy. sometimes I just be wondering how this countries always push their own currency in the forefront ahead of other country, regarding to what China is saying about their yuan currency in trying to make it gain more value than US dollar. Base on your own opinion can that be possible?
The yuan can compete with the dollar, but replacement in the global monetary system requires economic stability, open markets and international agreements, which will take time.
This is a complex process, as the dollar has long-term stability and global trust. The implementation of such changes requires broad support from the global community. But still, everything is possible, nothing lasts forever, not even currency.
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The yuan can compete with the dollar, but replacement in the global monetary system requires economic stability, open markets and international agreements, which will take time.
This is a complex process, as the dollar has long-term stability and global trust. The implementation of such changes requires broad support from the global community. But still, everything is possible, nothing lasts forever, not even currency.
Replacing the world currency seems very difficult to do because there are groups that control world banks and prefer the dollar as the world currency that can be used anywhere. However, when talking about currencies, the yuan actually still has a chance to dominate the world currency but requires a lot of capital. many and, of course, should provide merchants who accept yuan payments from all over the world.
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If the Chinese Yuan wants to shift from the USD, it could happen because business competition in various sectors is now dominated by the Chinese market.
But if the Yuan wants to remove the USD, it definitely can't or even if it could, it would have to wait a very long time because the Marketcap of the USD is so very large.
Just look at the cryptocurrency market, the most common trading pairs with Fiat are pairs with USDT, USDC, DAI, FDUSD and all of them are tokens based on Fiat USD. This is proof that the USD is very strong if it wants to be defeated by the Yuan from China.
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If the Chinese Yuan wants to shift from the USD, it could happen because business competition in various sectors is now dominated by the Chinese market.
But if the Yuan wants to remove the USD, it definitely can't or even if it could, it would have to wait a very long time because the Marketcap of the USD is so very large.
Just look at the cryptocurrency market, the most common trading pairs with Fiat are pairs with USDT, USDC, DAI, FDUSD and all of them are tokens based on Fiat USD. This is proof that the USD is very strong if it wants to be defeated by the Yuan from China.
For China to replace the Dollar with the Yuan, they need to make significant improvements in several areas. Firstly, they need to clarify their future intentions with the yuan and increase the financial transparency of their market. Even if they dominate in various sectors, this alone will not increase their chances of achieving their goal.
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There was a claim that China want their currency which is yuan to replace the US dollar as the worlds global currency. That would give it more control over its economy. sometimes I just be wondering how this countries always push their own currency in the forefront ahead of other country, regarding to what China is saying about their yuan currency in trying to make it gain more value than US dollar. Base on your own opinion can that be possible?
The yuan can compete with the dollar, but replacement in the global monetary system requires economic stability, open markets and international agreements, which will take time.
This is a complex process, as the dollar has long-term stability and global trust. The implementation of such changes requires broad support from the global community. But still, everything is possible, nothing lasts forever, not even currency.
This issue is even more political than financial. Replacing the dollar with the yuan or another currency as a global reserve currency is only possible if the United States ceases to be a superpower and actively influence global political processes. Yes, China, Russia, Iran and some other states that have fallen under international sanctions or may fall under them are interested in weakening the dollar and strengthening their currency. But so far these efforts have not led to anything serious. The dollar is not threatened in this regard yet.
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There was a claim that China want their currency which is yuan to replace the US dollar as the worlds global currency. That would give it more control over its economy. sometimes I just be wondering how this countries always push their own currency in the forefront ahead of other country, regarding to what China is saying about their yuan currency in trying to make it gain more value than US dollar. Base on your own opinion can that be possible?
I just don't know. Maybe it's possible to say that the yuan can compete with the dollar, but I'm not sure if it can replace the dollar that is recognized around the world. Maybe it's possible if he surpasses what the dollar does around the world and its impact, which is why it is recognized by the whole world or every country.
It is difficult to say what will happen to the dollar, especially if we are talking about the future. But who knows, right? We know that one day the Yuan will suddenly replace the dollar in its disposition.
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I just don't know. Maybe it's possible to say that the yuan can compete with the dollar, but I'm not sure if it can replace the dollar that is recognized around the world. Maybe it's possible if he surpasses what the dollar does around the world and its impact, which is why it is recognized by the whole world or every country.
Yeah at the past,we know about EURO that has been predicted will be replace dollar.
But as we know, dollar can't be replaced.
For now we talk about dollar, I think will be the same.
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I'm going to ask 2 simple questions:
1. WHY ?
2. What to replace the dollar with ?
there will be no answers. There are no objective reasons for the destruction of the international settlement system based on the dollar. No, I realize that there are those who:
- simply can't get a dollar and therefore can't buy something on the world market for their currency.
- "have a personal dislike of the dollar/USA".
- those who simply envy the dollar.
...but all this is no reason to break a well and stable system.
There is no answer to the second question at all, because now there is no more convenient, stable, recognized instrument for mutual settlements on the world market.
If I am wrong and you have an alternative opinion - we can discuss any proposal in a reasoned manner :).