Will Crypto crash the system?

[moonking]

Crypto will never crash  the system and replace money, at least not in north america.  Everything is enforced by laws, like a law that tax needs to be paid in cash, on all items, no matter what the person pays with.  Sometimes it feels like people think if we all go crypto, money is somehow going to be free, and life is going to be so much easier, I don't think that's true.  Imagine if you could only buy bread with crypto, and some billionaire buys a large amount of crypto the night before, the next morning your bread will cost twice as much.  In other words its a rare resource, basing prices on crypto doesn't make sense.  It can represent money all day long, and have value based on the dollar, but I don't think it can be money, unless governments just make digital cash for us, that doesn't jump too much.

[KryptoBull]

The issue of price instability is exactly a problem like you said, but when the market is stable, prices will be just numbers to evaluate the value, the bakery owner can adjust the price of bread by BREAD coin at a price of a stable coin or BREAD coin itself could be a stable coin used in the bread market
However, at a higher level of adoption, when stable coins are no longer valid because fiat is completely gone, we will use crypto like the current fiat and will not have any problems with it because if someone causing BREAD coin prices to rise too high, buyers can use other cryptocurrencies to pay, such as FLOUR coin

[cynthiaaddison]

How can crypto crash the system. The system has its place in the world and crypto has its on. It will be better if the system accepts crypto.

[Fenix]

Decentralized cryptocurrency is not intended and is not going to break the global financial system. It also cannot replace the usual currency of states. Thanks to the advent of cryptocurrency, the common currency of states is rapidly digitizing, various types of stablecoins appear. Now about 80 percent of states are considering introducing national stablecoins.
Cryptocurrency will not replace the currency of states, but will circulate in society along with ordinary currency.

[tervel]

The future of cryptocurrency lies in either corporate or sovereign digital coins or more likely, an cohabitation of the two. The system supposedly under threat from cryptocurrency slowly and intelligently assimilating them.

[NihonShoki]

"Cryptocurrency needs to exist and develop". I guess cryptocurrency could replace about 25% of national currencies by 2030.

[bigcash2011]

Why do you think it has to crash the system?
I mean they can survive together but i am sure that crypto will become dominant in lets say 5 to 10 years or may be before that. So crypto is a real futuristic thing which will be adopted slowly but surely.

[Ganesa99]

Cryptocurrencies can crash but never die and their funds can be profitable. On 6 October XNUMX, the Financial Conduct Authority (FCA), licensed Cryptocurrency Facility, the largest crypto futures exchange in Europe, is an accredited multilateral exchange complete (MTF). Company - a venue for cash-settled futures contracts for traders seeking to come into contact with Bitcoin and other crypto assets without holding or accepting the underlying transaction - become the first cryptocurrency exchange to achieve such recognition.

[Keelin]

An industry expert has warned Bitcoin's price could crash to zero in case of mass adoption. Some have warned of the detrimental impact of the participation of many institutions, if Bitcoin is mass-adopted, it is very likely that we cannot control them. this makes the price of Bitcoin meaningless

[TERMINO]

Crypto system may not crush but vulnerable for hacking.
I think what was happened to Twitter is great learning to make crypto more secure and could fight back the hackers in order to protect the investors coins.

[masterrex]

If you mean the current centralized financial system, I don't think so, but cryptocurrency exists as an alternative for centralized banking and finance because the cryptocurrency is promoting decentralization and working in the technological ways I'm sure it will remain as the technology-driven industry in the future.

[Quantum X]

With that to happen the government is always has involvement. And I think since government has participation to this assumption topic I can say that what you were saying won't happen.

[Debasco]

the pace of the growth of cryptocurrency is gradual process, so it can not take money in the world generally, even though it will crash the system is will gradual process not without basis

[Michael.sol]

Crypto system may not crush but vulnerable for hacking.
I think what was happened to Twitter is great learning to make crypto more secure and could fight back the hackers in order to protect the investors coins.

Ofcource , hacking is really a big issue in Crypto Fields , not only twitter but sometime highly reputable exchages also lost their fund . Now I see exchange's improves their security Day by day .