Can dollar be replaced?

[Delgboke]

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?

[Callisto]

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 ...

[H2O]

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.

[Pitter]

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.

[zulfi125]

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.

[TomPluz]

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.

[gotbounty]

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.

[trauchot]

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.

[saprakib]

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 .

[pealr12]

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.

[Fenix]

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.

[Ghozrd]

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.

[Vx1]

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.

[Sirait]

^ 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.

[Michael.sol]

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 .