Do you think bitcoin can end the dollar’s reign?

[elbans89]

I am just being curious here, guys with the increasing interest on bitcoin/altcoins this days, I think the dollar era may deminish or possibly come to an end some day.
The dollar has been the world’s reserve currency for 100 years, but fearful that central banks led by the US Federal Reserve are debasing the value of their currencies, many people have bought bitcoin in bulk since early this year, and hopefully more prominent persons may come on board the the crypto space. Do you think the era of the dollar may end in near future? Thanks for your thought.

I think everything can happen at crupro space , as many people said. But I don't believe bitcoin can end the dollar's reign. Dollar is most popular than bitcoin and other currency.
Dollar is trade value, almost all countries know about dollar.
But they don't know about bitcoin and crypto currency.
Maybe at the next several years, bitcoin will so popular as dollar, I think we will see bitcoin compete to dollar

[LUCKMCFLY]

I think that the reign of the dollar belongs to an economy that is about to explode. A particular economy very different from that of bitcoin, it is not the same, if they decide to put it digitally, I think that it would not be a problem or competition either, in fact, I see the dollar like a real bubble.

[Beattysuhita]

Bitcoin is currently growing and continues to be known by the public, Bitcoin offers the convenience of transactions when compared to dollars. The dollar is a currency that is very popular around the world and all people know it, this is not easy to beat. Bitcoin has many shortcomings too, for example Bitcoin can only be accessed by the Internet and its value is not stable.  This is a problem so I think the Dollar will remain ahead of Bitcoin as a global currency, while Bitcoin is superior as an investment and can be traded.

[IyemRoker]

Bitcoin and USD are very different.
Bitcoin is a digital asset and USD is a currency.
Why should we think that Bitcoin will end the USD money ?
Are we sure we can give the best after the USD disappears from circulation ?

I believe Bitcoin cannot end the existence of USD in the currency market because it is clear and well organized that USD is a currency and Bitcoin is a digital asset.

[gabbie2010]

Although Bitcoin can have a huge influence on the dollar presently as far as world economy is concerned however that does not mean it is going to eradicate USD dominance, many countries will stick to dollar as their reserve currencies knowing that the instability in the price value of Bitcoin is counterproductive and could harm their economy thus a lot of those countries will continue to adopt USD as their reserve currency.

[Freemind]

I believe that it will not be Bitcoin that will end the reign of the dollar, although Bitcoin can "damage" the dollar who can really end its reign is the Chinese yuan. As one of the major emerging economies and according to some economic experts, China will soon be the world's leading economic power, and that can destroy the dollar.

[Delgboke]

For me I don't think so because there are people that still needs dollar to be able to transact with there business in other countries so for Bitcoin to end dollar reign cannot easily be possible as such, some people need Bitcoin based on the level of the knowledge they have in cryptocurrency project, while some people are still at level of using dollar as medium of payment.

[mahadev]

I am just being curious here, guys with the increasing interest on bitcoin/altcoins this days, I think the dollar era may deminish or possibly come to an end some day.
The dollar has been the world’s reserve currency for 100 years, but fearful that central banks led by the US Federal Reserve are debasing the value of their currencies, many people have bought bitcoin in bulk since early this year, and hopefully more prominent persons may come on board the the crypto space. Do you think the era of the dollar may end in near future? Thanks for your thought.

No, I don't think the era of dollar will never end in near future. Dollar is still dominance and will exist for along years again.
We all know about dollar, it is more popular than other currency.
Crypto currency is the future currency and have future technology.
But not easy to replace dollar.
it will take several along years again and need supported by the government.

[Jaguar]

Crypto wasn't created to abolish fiat. It was created to offer much better investment and another place to generate income from intangible money that cam turn to fiat. If the world don't like fiat to circulate. I guess that will be the day fiat will vanish since the people choose to avoid or demolish fiat anymore. There are more possibilities that may come and happen along crypto currency journy to revolutionize the world from fiat to digital currency.

[monig18]

If the price of Bitcoin is not too fluctuate.Yesterday There was a big dump of 13000 $ in a day .In this situation who will replace Bitcoin as a Replacement of the Dollar.One big News from a big Person can Push its Price in a bad way.Dollar is a world wide currency.All countries are using Dollar.Dollar is accepted by Every Government But Bitcoin is Not favorite for the Governments .
Unless they accept it It will not overcome Dollar.

[sacrotic]

There's no urgent reason why dollar need to be replacement but the technology must new and more save than before. Dollar already have legality,  form and acceptable, bitcoin does't have it.

[Muneeb22]

In future i hope so that the dollar will be finished and the BTC will be used in all over the world. Crypto is the world best market and soon it is going to be legal in all over the world.

[Master107]

There's no urgent reason why dollar need to be replacement but the technology must new and more save than before. Dollar already have legality,  form and acceptable, bitcoin does't have it.

No urgency but could abolish in the long run. Why? FYI, legality, acceptance, and form. All in Bitcoin. Maybe in some part Bitcoin is illegal without any form of acceptance. But in some countries particularly the advance for 10 years are getting to know how magnificent and beneficial Bitcoin is. Though, risky and volatile, they are in experiment period to fix whatever the unpleasant parts.

[Batch18-19]

I don't think Bitcoin will ever end up using dollars. The use of the dollar will last a lifetime. However, if Bitcoin is approved worldwide, the use of the dollar may decrease slightly. Because people now think that it is safer and easier to transact with cryptocurrency instead of paper money.

[Centus]

Fiat Currencies are in circulation all over the world. For example, the circulation of dollars and fiat money will never stop. These coins will be in circulation all over the world. However, the cryptocurrency industry will improve a lot. Virtual currencies will be much more popular around the world. Virtual currencies will increase the transaction rate worldwide. So the future of cryptocurrency is much brighter in this world. Currently most transactions are done through this virtual.