Sure if our world accept digital payment with "paperless" method
bitcoin can't be produced meanwhile USD can be printed anytime by The FED, so in long term USD will inflate every time
it will be faster if fiat fail and high rate of inflation happen in economic crisis, many people will look another of currency.
Gold will chosen as hedge fund and I hope bitcoin chosen as alternative currency
Last year Bitcoin was labeled as the worst investment of 2014, however, bitcoin believers can topple fiat currencies as the widely used mode of payment all over the world. The technology behind it and bitcoin's scarcity can both pose a threat and bitcoin's selling factor. But the question is, can bitcoin really substitute dollar or other currency sometime soon?
Who and where was bitcoin labled as the worst investment of 2014 you have got me curious to say the least?
Not every bitcoin believer believes it can topple fiat currencies just a few of the extremists but they also believe bitcoin will reach 1,000,000 a coin so you should not really read to much into what they are saying.
imo no bitcoin will not substitute and fiat currency any time soon and the country which it did would be in very bad trouble not sure bitcoin will pull them out of that
I think it's only personal opinion from some fund manager, because the price of bitcoin constantly decrease from start of the year until end of last year.
Compare to another type of investment, bitcoin is losing 60% of its value
which is bad thing for investment