Is bitcoin a threat to USD and Pound Sterling?

[CrucialTechnology57]

No, it is not a threat but if all the people get involved into bitcoin and every deals can be done through bitcoin then only it will become a threat.

[Perkovic]

yes of course it is because bitcoin if it is mass accepted that all Fiat Valtas will go to waste

[Satish147]

Hello guys,

Do you think bitcoin will be a threat to USD and Pound Sterling in the nearest future?

if yes, give an estimated time this can happen.

As of now there is no threat to fiat currencies like US dollar and Euros which is recently announced in the report issued by IMF. But in future cryptocurrency can replace the fiat currencies which are controlled by the centralized authorities like Governments.

[dadanpradana]

I think Bitcoin is not a threat to both because Bitcoin is just digital gold.

Bitcoin has value when it comes to PAIR with FIAT like USD and Pound Sterling.
If Bitcoin is Paired with Altcoins, then there is still no value.

[Burogh]

I think Bitcoin is not a threat to both because Bitcoin is just digital gold.

Bitcoin has value when it comes to PAIR with FIAT like USD and Pound Sterling.
If Bitcoin is Paired with Altcoins, then there is still no value.

Indeed, Dollar and Poundsterling should not worry bitcoin will take over. Many country in the world still dont know about bitcoin but if bitcoin become acceptable in many country, bitcoin can take dollar and poundsterling place because bitcoin more safe to carry and more secure

[Thundermike]

All possible in crypto. of course not! Are you kidding? It is completely different from them and people do not seem to know its true potential. However, we can speculate, but that does not change reality: we barely know anything about it. We see all the other major economies trying to escape the dollar, and we see that countries can launch fast international money transfers. We are just a few steps away from an international economic crisis, where no nation accepts inflation from other countries hit on fiat currencies, all central banks are printing money in an amount Death still seems like before. However, it will take many years, We need to take some important steps. Of course, if we can address key issues with the application and construction of appropriate infrastructure, we can derive all the bitcoin advantages that a system will provide. The dollar is tied up with too much commodity and too integrated with international trade. Monetary risk currencies from the BTC are from countries with economic difficulties. Venezuela is another example that BTC can replace as it is a way for people to deal with inflation rampant.

[SanSanTar]

I don't think that bitcoin can threat to USD and pound sterling even now or in the future

[Calantha5635]

Are you kidding? It is completely different from them and people do not seem to know its true potential. However, we can speculate, but that does not change reality: we barely know anything about it. We see all the other major economies trying to escape the dollar, and we see that countries can launch fast international money transfers. We are just a few steps away from an international economic crisis, where no nation accepts inflation from other countries hit on fiat currencies, all central banks are printing money in an amount Death still seems like before. However, it will take many years, We need to take some important steps. Of course, if we can address key issues with the application and construction of appropriate infrastructure, we can derive all the bitcoin advantages that a system will provide.

[PanGiMoon]

While at this time there is no, because there is still too little development, bitcoin has not yet gone so far, but if all this will develop, it is possible to assume that it will all be.

[SanSanTar]

For me, it will never happen because USD and Pound already survived for a long time and it is not easy to threat to them