A time will come when people will stick to that which is convenient and can be sent anywhere in the world without having issues of conversion or currency preference, local fiat currency might be reserved for domestic transactions but international transactions might see an increase in crypto usage. If our fiat system fails to improve crypto will definitely take up greater percent of the financial market, The crypto world is constantly evolving and with the ease to which p2p is conducted it might get more adoption in the future.
I think Bitcoin and fiat will exist side by side for a long time. Adoption will also be gradual but consistent. Most economically advanced countries will be the first to massively adopt bitcoin while adoption in underdeveloped nations will be slow because of poverty, lack of infrastructure, and illiteracy. The citizens in these underdeveloped are limited by basic infrastructures such as electricity and internet facilities. This means that Bitcoin adoption will not happen at the same time globally, it will be relative.
The type of leadership will to a large extent determine bitcoin adoption. Authoritarian nations would keep on restricting their citizens from using the currency while democratic nations will give their citizens more freedom to use Bitcoin.
For me I see it as the strong ones would survive, while the weaker ones would crash out or become forked.
Digital currencies right now, is still being explored as citizens are keen to learn the true reasons for its implementation. Hence why few even care about the digital currency.
We are in a time where the battle for dominance between fiat and crypto is hot and the countries who have adopted crypto as a legal tender have accepted their fate to make it better to suit their concerns.
No time to think too much about the future. Every crypto has the reason it was created, so in time as A.i is gaining face, the right crypto will remain due to acceptance and usage. The others will feasel out or merge or become forked.
In deed we understand that things are now changing,technology is now eating so wild on the system of things in the world,and i wanna ask if it will not going to affect some countris currency,we have come to see the digital currencies how is growing and is expanding the coast of geting richer every day,do you think that one day this digital currencies will not dominate some country currency like ours,
In deed we understand that things are now changing,technology is now eating so wild on the system of things in the world,and i wanna ask if it will not going to affect some countris currency,we have come to see the digital currencies how is growing and is expanding the coast of geting richer every day,do you think that one day this digital currencies will not dominate some country currency like ours,
am saiying this because of the value of our naira i observed that our 500 naira is o.124 and some fraction in dollar and our highest 1000k is1 dollar so were is this country going.
With the way things are going and the unprecedented awareness of digital marketing I think many currency will faces some challenges because digital currency like Bitcoin is becoming more convenient for people and as such many people will consider it more reliable for financial transactions and investment. Although, some other strong currency will still be invoke depending on the economic sustainability and policy.
