Bitcoin is trying to eliminate US Dollar, Euro, banks, gold, silver.
Will bitcoin survive??
Yes it will, as long as monetary authorities keep destroying our money.
Bitcoin Is A Hedge Against Gov't "Fiscal Irresponsibility"Kling observed that the world needs Bitcoin as an insurance policy “more today than it did yesterday” and that it’s going to need it “more tomorrow more than it does today,” in light of what central bank and government policies:
“It’s apparent that central banks are all racing to devalue their currencies [...] What are they devaluing against? They’re devaluing against assets that have provable scarcity [...] Bitcoin has even more provable scarcity than gold, it’s the hardest money in human history.”
In the throes of an uncertain world economic picture, Kling’s perspective has been broadly — if not unanimously — shared by analysts of different stripes.
In August, digital asset research firm Delphi Digital published a report arguing that the present macroeconomic landscape is creating the “perfect storm” to ignite Bitcoin price appreciation.
Also, this summer, the head of global fundamental credit strategy at Deutsche Bank remarked that central banks’ dovish policies are positively impacting “alternative” currencies like Bitcoin.
Anthony Pompliano, meanwhile, has echoed this in proposing that the European Central Bank’s dovish turn will be “rocket fuel” for Bitcoin’s price performance.
https://www.zerohedge.com/crypto/bitcoin-hedge-against-govt-fiscal-irresponsibility-analystThere is a reason why cryptocurrencies tend to be most used in those countries whose national currencies are quickly losing purchasing power.
