it is possible fiat currency will crashed?

[trauchot]

This is impossible because everyone needs fiat and people are used to using it and they will not switch to cryptocurrency at once. I just can`t imagine what we need to do to completely get rid of fiat money, this can not be imagined because all the states can not immediately agree to completely stop using fiat. So do not even think about it.

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[Acsirp]

Even if the bitcoin technology will be accepted as world currency , but it will not crashed out fiat money because fiat is still be very useful to places where there is no access of internet or bitcoin accounts can be used or accepted,

[Impulseboy]

As much as we envision fiat currency to crash, I doubt that it ever will. Cryptocurrency may co-exist with fiat currency and there may be competition among the two when crypto becomes a global currency, but it is a little hard to believe that fiat currency will crash. What do you think?

[Ashong Salonga]

I cant imagine the fiat currency will fall. Because, some expenditures cant be paid bu cryptos, best example were ordinary expenses that were were common and very petty in amount.

I know that all people in this world prefer to used fiat money over cryptocurrency because fiat is trusted and all people knows how to used it unlike on cryptocurrency but i an sure that it has a chance that it will be crashed when a lot of people will adapt how to used crypto.

[cdoyle14]

I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?

It seems that we are heading right towards the global economy crisis, and it's going near and more near day-to-day. But he knows that cryptocurrency be that exit that we need?

[Rhosadah]

both currencies run on different sides
Fiat currency is more popular for payments in traditional markets,
for crypto itself to be an online shop payer and it has started in several countries, I think these two currencies will run side by side with different markets.

[Anewor]

Well I think if fiat currency is crashed it is possible that the government may crushed just the same and maybe the cryptocurrency as well will be affected. We should understand that cryptocurrency stands because of fiat currency and without it trading is not possible. So that if had foreseen it then he could have seen that cryptocurrency as well is likewise affected and may in the same way could be crushed as well.  For now it may just be an exaggerated analysis without much basis.

[Jarvis IO]

I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?

I don't think it will crash but maybe it will become one of the many means of payment - maybe we will come into a world of bartering. Every asset can be tokenized using smart contracts and blockchain. Why not create a borderless future?

[Experia]

it is impossible for fiat currency to replace by bitcoin or other cryptocurrency because the government wont allow it, they are against in bitcoins and since there are lots of large businesses that still using fiat.

[patarfweefwee]

Take Venezuela for example. (Correct me if I'm wrong) their currency crashed and they experienced an economic crisis and leaned on to crypto currency by actually making their own coin up until their fiat recovers. I think countries will do the same thing faced with the same problem. But complete failure if fiat across the globe is millennias away.

[CPetersson]

Fiat currencies won't crash, there will be something that changes them. My opinion, maybe it will be cryptocurrencies, but the number 1 problem of crypto is - volatility.

[anti76]

Maybe it will happen some day, but it takes at least 50 years.Well, or at least one biological generation.I mean, 25 years.Earlier this will not work for objective reasons

[dniwe_dna]

The dollar depreciates every day, it has long been waiting for a collapse. Robert Kiyosaki in 2007 wrote about it. The United States loses its position as a world leader. Japan, China and other Asian countries are on the verge of a new economy.

[prayogi]

a single guarantor imbalance that correlates between fiat and gold makes fiat's future experience a sharp decline, even the gold price cannot be stabilized now, this will have an impact on the decline of confidence in fiat globally.

sentiment is indeed needed, but the presence of crypto will balance fiat if they are concentrated as a counterweight that gets legalization.

[Neraj Evad]

It is not possible for fiat money to crashed ,it will be limited only when the time comes that the cryptocurrency will utilized as currency in every place around the world, because this fiat money can still be used to places where their is scarce supply of internet connection and signals in which this the way to transact bitcoin and other cryptocurrency activities, so fiat will still be there being used.

[Soots]

The possibility of fiat currency to crash it's value of a specific country, was due to war or any destabilization happening. But of not, no way for that scenario to happen because the normal fiat trade system will run accordingly to economy. Business will be running smoothly and the fiat economy will circulate without any problems to happen as long as there's peace and order. That's there's a need for regulations for the fiat money so that it will be maintained to have smoothly running system along with peaceful community.

[Bellator]

I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?

I don't see any reason that fiat.would crashed,bitcoins and othwr cryptocurrencies were so much dependebt on fiat.People will probably look for physical money because they are getting used in it.Eventhough ut is already known in some countries but as a whole fiat would never disappear.

[ngano ba]

I do not think it will totally crashed ,it will be limit but not to the extend that it will vanished , fiat money is still the currency been used in mountainous and rural areas in every country in the world , because bitcoin and cryptocurrency will be only used in places where there are abundant supply of internet access and signals ,but fo r no signal places ,fiat money is still working as medium of exchange.

[Crafts12]

I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?

I think it is far from happening. Fiat currency will not be crashed unless the government will be crashed. Yes it can be limited in producing but cannot be totally vanish and governments will not allow it so. It is the currency that most people grew up to and used in widely various places specially in the uncity places or rural.

[Ezenwanyi]

It is not possible for fiat currency to crash.
This is one of those high horse dreams of novice who know nothing about fiat .For the fact that fiat of a particular country is backed by that country, so it means that no sane government will allow its fiat to crash.