cryptocurrencies replace fiat money in the future

[Renampun]

stop saying cryptocurrency will replace fiat in the future because this is still a new technology, in the future I believe crypto and fiat currencies will circulate together and not destroy each other.

[Altcoin1998$]

Many investors and traders preferring to invest in cryptocurrencies instead of reserving Fiat money in the bank. Investment in cryptocurrencies market is very much profitable that Fiat in the Bank.

[Gyrgen]

Many investors and traders preferring to invest in cryptocurrencies instead of reserving Fiat money in the bank. Investment in cryptocurrencies market is very much profitable that Fiat in the Bank.

They are also much more risky and less protected from fraudulent schemes. They invest in a fairly small list of projects. And for ordinary people, one of the barriers to use in everyday life is the inability to pay directly for goods and services.

[zilzylian]

Cryptocurrencies have transparency and Fiat doesn't have that, I think crypto and Fiat will always be used and both can be used as payment, Fiat becomes an option when there is no internet network in the store near your house and crypto can be used online, if Crypto wants to change positions Fiat, it takes a lot of preparation so that the internet network can enter every village so that it can be used by everyone

[Gvent]

Cryptocurrencies have transparency and Fiat doesn't have that, I think crypto and Fiat will always be used and both can be used as payment, Fiat becomes an option when there is no internet network in the store near your house and crypto can be used online, if Crypto wants to change positions Fiat, it takes a lot of preparation so that the internet network can enter every village so that it can be used by everyone

In the near future, a complete replacement of fiat with cryptocurrencies is impossible, firstly, it is access to the Internet, which many people who do not live in cities do not have. Secondly, this is the widespread use of fiat, and hence the great trust in it on the part of people. And thirdly, fiat and cryptocurrencies exist in parallel and there is no point in combining them or removing one of the markets forever.

[UNIVERSE]

I am sure that cryptocurrencies (some of them) can be global currencies and accepted by most countries worldwide.
But as replacing fiat, I am not sure about this. The government and also the world banks will never let it happen. Moreover, they also create their CBDC that also adopt Blockchain technology, So, this means that they are also developing by advance

[khichariya1]

In my opinion Cryptocurrency will never be able to completely replace fiat. States and governments will never allow this to be done.

[Beattysuhita]

I am sure that cryptocurrencies (some of them) can be global currencies and accepted by most countries worldwide.
But as replacing fiat, I am not sure about this. The government and also the world banks will never let it happen. Moreover, they also create their CBDC that also adopt Blockchain technology, So, this means that they are also developing by advance

I agree with you, Paper money will not be completely replaced by Cryptocurrencies but the two will go together. However, in my opinion, Fiat is still safer when compared to Crypto, even though Fiat has many shortcomings when compared to Cryptocurrencies.

[Senin]

Of course, cryptocurrency will never replace the national money of states. The issue and circulation of money on the territory of the state is completely under the jurisdiction of the state power - the legislative body and the government, as well as the central bank of the country. This replacement is only possible through appropriate action by these bodies, as was the case in El Salvador.

[Master107]

Of course, cryptocurrency will never replace the national money of states. The issue and circulation of money on the territory of the state is completely under the jurisdiction of the state power - the legislative body and the government, as well as the central bank of the country. This replacement is only possible through appropriate action by these bodies, as was the case in El Salvador.

Change is constant in this planet. Fiat money would be change in due time since today digital transfer is very possible wherever you are as long as the address is correct. What is the relation?
Everything will change including money from tangible to intangible value. If we bring back the history, goods matter than money. Not impossible for fiat and crypto. Tangible and intangible store of value. Technology is improving every day.

[de_prof]

Crypto is indeed increasing day by day. Bitcoin has crossed $50,000, and the entire crypto market cap has exceeded the limit of $1 trillion for the first time in history. Still, billions of people don’t know why crypto is better than conventional fiat money. In this blog, let’s discuss more fiat money and cryptocurrency.

As several people said here, anything can happen at crypto currency space.
I agree with this.
So, Maybe crypto will replace fiat money at the coming future

[cheezcarls]

Although that anything is possible, I honestly think in my opinion that it may not really replace fiat money in the near future. Cryptocurrencies (with the exception of stablecoins) are subject to market volatility and has no astronomical guaranteed returns or promises. Fiat and cryptocurrencies have different use cases in the financial sector. So it’s better to have both fiat and crypto co-exist for a very long time.

[MUGNIA]

Why do people expect crypto to replace fiat?
even though crypto and fiat can coexist with each other
where crypto can cover the shortfall of fiat whose value is flat,

[pacar_tiri]

Why do people expect crypto to replace fiat?
even though crypto and fiat can coexist with each other
where crypto can cover the shortfall of fiat whose value is flat,

Crypto currency and fiat money will grow together and both are two different thing.
Fiat money is phisycal money, And we know crypto is Digital currency.
 I don't think about crypto currencies will replace fiat money, because the government will protect their fiat money.
That's the fact, so I think It won't never happen.

[dekafee79]

Of course, cryptocurrency will never replace the national money of states. The issue and circulation of money on the territory of the state is completely under the jurisdiction of the state power - the legislative body and the government, as well as the central bank of the country. This replacement is only possible through appropriate action by these bodies, as was the case in El Salvador.

Change is constant in this planet. Fiat money would be change in due time since today digital transfer is very possible wherever you are as long as the address is correct. What is the relation?
Everything will change including money from tangible to intangible value. If we bring back the history, goods matter than money. Not impossible for fiat and crypto. Tangible and intangible store of value. Technology is improving every day.

I agree with you, everything wil change at the time.
Your opinion is make sense.
Crypto currency wil replace fiat money at the digital era, becaue everything will be crypto at the coming future.
Digital currency will dominate at future.
But It will happen at the next several years again, maybe 7-10 years again. Not for the next few years.
As we know, everything is possible.