Can the cryptocurrency be the dominant currency surpassing EUROS AND DOLLARS?

[lepbagong]

All the mentioned Fait money has its own positions and the crypto currency has its own. Many countries are trying to introduce their own crypto currency because of the COVID-19.

National currencies are depreciating and, in any case, every year more and more cryptocurrency users will increase. Based on this, the use of fiat currencies will be subject only to government requirements and nothing more.

It must be remembered that although crypto is very well known and very easy to use without limitation of area and time, it will always run into certain countries that have not recognized it as a legal means of payment because of course they have to require regulation to be accepted. so it is not easy to replace legal instruments such as dollars or euros. it still takes time to harmonize between countries in order to recognize it as a whole. because we have to admit that many countries are still afraid of crypto being accepted, money laundering from drug sales and corruption is hard to trace.

[Hisbullah]

Good morning, fellow mates! The question here is always tickling my mind on what's the possibility of BITCOIN overtaking the US DOLLARS, EUROS AND BRITISH POUND as the dominant and hegemon currency all over the world economy.

When digital era come, I think crypto currency will surpass EURO and dollars. Because crypto currency is the future currency, No doubt about this technology. I always believed crypto currency will have bright future.

[masudginanjar]

It is now past the time of overtaking Fiat money from various small countries.
But to buy Euro and USD is difficult because these two currencies are very popular and have a large following.

It is difficult for cryptocurrencies to beat these two Fiats because cryptocurrencies can go up and down by themselves.

[Proton]

Good morning, fellow mates! The question here is always tickling my mind on what's the possibility of BITCOIN overtaking the US DOLLARS, EUROS AND BRITISH POUND as the dominant and hegemon currency all over the world economy.

When digital era come, I think crypto currency will surpass EURO and dollars. Because crypto currency is the future currency, No doubt about this technology. I always believed crypto currency will have bright future.

At the state level, this is likely to never happen. States will use their central bank stablecoins as well as various regional stablecoins. Decentralized cryptocurrency is more of a currency for people and for people.

[UNIVERSE]

Bitcoin may be one of the currencies in the world, however, to be dominant than them? It will be impossible. As we know that fiat has been used for many times years ago and they are very usual with it. When it comes with the big changes of Bitcoin an also other cryptocurrencies so far.

[legend45]

Bitcoin may be one of the currencies in the world, however, to be dominant than them? It will be impossible. As we know that fiat has been used for many times years ago and they are very usual with it. When it comes with the big changes of Bitcoin an also other cryptocurrencies so far.

Yes you are right, the government will against bitcoin and keep their fiat money..Because we all know fiat money has been used for many years.  It is not easy to replace it. I think we will see the government create own crypto at the future.

[debra]

I think that it will not come, at least in the current 10 years. But we don't know about more than 10 years later. Why? Crypto is decentralzied mostly and the global government may not allow this as the first global payment or means for the transaction. fiat is powerful, backed by the government and they can do many things to make fiat still exist

[Mbah Jenggot]

I think that it will not come, at least in the current 10 years. But we don't know about more than 10 years later. Why? Crypto is decentralzied mostly and the global government may not allow this as the first global payment or means for the transaction. fiat is powerful, backed by the government and they can do many things to make fiat still exist

Yes , I think you are right, It will not come.. And also don't believe the crypto currency be the dominant currency surpassing EUOROs and DOLLARs. It will take along years again, because bitcoin is decentralized platform. The government cannot control bitcoin.

[Black ID]

In the digital world it is possible that this can happen, because everyone in the digital world feels Bitcoin is indeed the best digital currency.

[0t3p0t]

Good morning, fellow mates! The question here is always tickling my mind on what's the possibility of BITCOIN overtaking the US DOLLARS, EUROS AND BRITISH POUND as the dominant and hegemon currency all over the world economy.

Bitcoin's dominance can only be compared to other digital assets but if you are trying to compare it to fiat currencies like Dollars, Euros and Pounds it's not that fair. Decentralized volatile asset versus a centralized stable asset is different most especially in adoption. Maybe in the future Bitcoin is used in most transactions because we are going cashless.

[marcsymons]

I highly doubt that this will ever happen. The cryptocurrency has no analogue in offline mode but the traditional currencies have paper versions. In addition, the concept of cryptocurrencies is still difficult for some people as not everyone understands what it is.

[bayiajaib]

Good morning, fellow mates! The question here is always tickling my mind on what's the possibility of BITCOIN overtaking the US DOLLARS, EUROS AND BRITISH POUND as the dominant and hegemon currency all over the world economy.

For the value, I think It has passed. But For the popularity, I don't believe bitcoin will surpass dollar and euro. But I am think at the coming future, I believe crypto currency will be more popular and more be used than fiat money.

[Alcor]

Good morning, fellow mates! The question here is always tickling my mind on what's the possibility of BITCOIN overtaking the US DOLLARS, EUROS AND BRITISH POUND as the dominant and hegemon currency all over the world economy.

As a prerequisite for the dominance of cryptocurrency in the global financial market, there should be no interest of states and their governments in the national currency and in the development of their own economy. Since we are unlikely to ever wait for this, then the dominance of bitcoin or other decentralized cryptocurrency is hardly worth counting on. States are still able to eliminate any possible threat to the existence of their currencies and the global financial system as a whole. So far, they do not see a threat to global financial stability from the side of cryptocurrency and this allows it to grow and develop. What will happen in the future - we'll see. Let's hope that the currency of states and the cryptocurrency will be able to exist together and help each other, and people will have the right to choose.

[Senin]

Bitcoin or any other decentralized cryptocurrency will never dominate the global financial market. This simply will never be allowed by states, even if the cryptocurrency had such an opportunity. But cryptocurrency does not have such an opportunity. It was created only as an alternative means of payment to the current payment system. Therefore, it must occupy its own niche in the financial sector and coexist with the fiat states.

[sacrotic]

It never happen, fiat ( usd, eur, gbp ) have longer history and law more powerful than bitcoin, both are different and can't dominant each other. Bitcoin have chance to have highest price and bigger follower but for liquidity still fiat is the winner. I think this situation is fit for bitcoin because if crypto market dominated by fiat it will same like commodities or currency.