Will crypto replace fiat money?

[Kiss me]

Well you can see that a few countries have already started to develop their own cryptos like Dubai, Estonia and China for example. Maybe crypto won't replace fiat but it surely is there to be somewhat even with it and be it's backup, but reducing the use of fiat will greatly help

I think because it has its own decentralized system, I think the government will find it hard to keep track of all its users. Maybe after long years, the government will admit crypto if they still exist at that time.
Maybe. But as of now I think it is far from possible. My crypto is currently really famous but has not been implemented by the government.

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[DimensionsOfHell]

While the courses of the Crypto-currency will not become stable, it is virtually pointless to say that they will be able to replace the money of the philatelic. The volume of purchases of real goods for crypto currency is scanty.

[congtuan001122asd]

I think crypto can not replace fiat. Currently, crypto has not been accepted by many countries. Everyone in the forum accepts crypto, but I think most want to make fiat money from crypto instead of the true benefit of bitcoin.

[Ronaldcoin2017]

I think crypto can not replace fiat. Currently, crypto has not been accepted by many countries. Everyone in the forum accepts crypto, but I think most want to make fiat money from crypto instead of the true benefit of bitcoin.

Yes, I believe that crypto cannot replace the fiat money. Because they have really a different features and different usage, I think bitcoin cannot replace money but it is used on the other types of payment someday. The bitcoin is really amazing but fiat is really the common types of payment than bitcoin. How ever the possibility of bitcoin to become a payment center in the near future is always there.

[xvids]

I don't think that it would replace Fiat,
But I think we would be a cashless society in the future but not because of crypto because the government wouldn't really accept it,
I think banks would only make some only payments and most of people would use the digital payment in the future.

[Feuerbach]

I would like to know if cryptocurrency will replace fiat money in the future,  also if so how long it will likely take.  Also,  I would like to know which coin you think would take over if one will.  (E.G. Dogecoin,  BTG, LTC, XMR)

If it does, it will not be very soon. The exact time no one can say. If, of course, in general this happens, which is very doubtful)

[nguli]

it seems that bitcoin will not be able to replace the fiat fiat position because I see cryptocurrency like bitcoin total supply too little to replace fiat.

[crypto002]

I dont see happeing now but it can be and it will take alot of years to government to adopt and replace with fiat money

[Joe_melon]

It will. Globalism needs crypto to support itself.

[mrben77]

In the form in which they are now, definitely not. there are obvious problems, the main of which is that cryptology, which is not controlled by any financial system, can not be an alternative to money that has a regulator.

[Epimetheus]

Well i guess its YES  but  it will takes many many years before its all implemented in all over the country.

Yes Bitcoin can replace fiat money but in certain country not all over the world. Bitcoin is not accepted in every country due to some reason. Bitcoin is a decentralised currency due to which some government doesn't want bitcoin in their country. Its Decentralised nature affect the country economy and financial growth. Because of these reasons it is not replace fiat money. Bitcoin has also some  quality which help it to replace fiat money like its increasing market price and advantage in money transaction facility.  

[fipper]

I would like to know if cryptocurrency will replace fiat money in the future,  also if so how long it will likely take.  Also,  I would like to know which coin you think would take over if one will.  (E.G. Dogecoin,  BTG, LTC, XMR)

it might happen that if all countries inaugurate as a currency that applies around the world, I'm sure one day bitcoin will evolve along with the times and technology

[Faxmate]

In my opinion,  think it is possible,  in this digital age,  any electronic money can replace fiat money,  It is more secure and has a really fast transaction than fiat money.

Bitcoin has already done this act as now people are educated and it is modern age where almost every marketing system is converting to digital payment system, so now bitcoin is our need of life, if you can see bitcoin is being use by almost every shopping malls, even at some small towns now bitcoin is so famous that people over there are using is as direct payment methodology, so to me as well bitcoin is best source to pay for all kind of goods, more easier to sue than paper money.

[Bestthefriend]

Its a long shot for crypto to fully replace Fiat. Most people are accustomed to using Fiat all their lives and might be reluctant to make the switch to crypto, There are however a group of younger generation enterprising and experimental enough to try out BTC, this group might switch, but not the older generation

[Coinnosaurus]

I think crypto will replace fiat money. This is logical and expected. The cryptocurrency is getting to spread in a clear form now and as seen it is unstoppable

[Pero20]

I think that could happen in the future. Now there are still many contries that don't have faith in bitcoin.

[keninu]

I do not think so, if only this would take a very long time. Cryptocurrency and fiat Money are different even though they actually have the same function. and I am sure along with the times, Cryptocurrency will continue to grow, and will run along with the Fiat Money in accordance with their respective Functions.

[Ishiro5]

Maybe not completely but certainly, cryptos would become more dominant over fiat money as we progress, but that would not happen in a few years i guess.

[basyang]

I would like to know if cryptocurrency will replace fiat money in the future,  also if so how long it will likely take.  Also,  I would like to know which coin you think would take over if one will.  (E.G. Dogecoin,  BTG, LTC, XMR)

Well,this had been asked for so many times already in this forum however, I will over and over answer its a No, fiat/physical money can not be replace of a cryptocurrency/digital money in the internet but it can be a one of the currency can be used in the country. for me, its hard to identify how long will it takes to becomea legal currency because as of now, for sure the goverment is studying bitcoin before they makea regulation for it. Well, many coins but I think it will be Litecoin because it has a future just like a bitcoin.

[bajigur894784]

I think it is difficult, because in terms of economy, Bitcoin and the like are not suitable to be primary currency or replaced fiat currency. This is due to the fact that Bitcoin's supply is limited.

When the demand for bitcoin is high, it will make the value is increases. In other words, there will be a phenomenon called deflation. What will happen is the same amount of money will be used for more goods. Alias, the price of the goods will fall.

This situation is very 'toxic' to a country's macroeconomic, because everywhere, deflation will always lead to hoarding, or the hoarding of currencies.