Will crypto replace fiat money?

[RebekittaH]

it remains to be seen whether crypto will replace fiat, its a long short especially due to the fact that most people are used to fiat and the fact that most governments are out there fighting crypto hence hindering its success

[longskie0327]

Maybe in the future but when that happen it will take place gradually because not all people are used to it, some do not know it yet, if crypto will replace bitcoin fiat, its still on the process.

[AutoBlockX]

The establishment of cryptocurrency as the medium of exchange is the ultimate aim for which they were initially launched. While the technology behind cryptocurrencies is still in a stage of infancy, it can be said with surety that it will eventually overtake fiat money. People need a safe, secure and standardized way to make online payments.

However, until that happens, we are likely to see thousands of new cryptocurrencies get tested and spit out. We may witness many failed experiments, many times over the evolution of new and improved blockchain technology. Countries will begin to experiment with national cryptocurrencies quite soon, however.

[Serious475]

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 is impossible for cryptocurrency to replace the fiat money in the future. The government hate the cryptocurrency because of its volatile and uncontrollable price. If there is a thing from Bitcoin that will influence the future, it is its blockchain future. The blockchain has a really good potential that it might be used in the future. A no fiat future could be possibly happen but a cryptocurrency future is impossible.

[DreezHoly]

well Fiat  has been in the picture foe a very long period of time and it will take quite a lot of effort for crypto to out face it, its however a distant possibility especially if the crypto market is embraced by the governments an the public majority

[Polly.Nochka]

I also think that if the crypto currency is legalized by the state, then, first of all, it will be bitcoin. And only after the expiration of some time, it will be possible to talk about the possibility of involving other Altcoin by the states.

[buhna]

I don't think it is possible in our time because it is needs very good and quality internet on whole planet. Even credit cards is not everywhere so it is need time to changes. Maybe we will see it, maybe not.

[xx-man]

As per my personal knowledge, crypto will never replace fiat, because crypto is present only for alternatives of all fiat, which makes it easy for everyone to transact with crypto. But if crypto wants to replace fiat, I think it's very difficult, because many procedures will have to be passed in government in every country.

[EEEian]

Most people in this sub absolutely Love cryptocurrency but everyone single person will tell you it won’t replace regular fiat currency. lol what’s the point then? I on the other hand actually do think it will replace regular money. It just needs to grow up more and become more stable and widely used. I don’t see why it can’t at least challenge regular money though. People are so short sighted in this sub.

[s2sallbygrace]

I don't think so, cryptocurrency is good as an asset and a good investment because of it's being profitable. It will never replace fiat money and not even in the near future.Fiat mo ey is what we use on our daily lives and it is important to many people.

[Salesman4coinZ]

I think one day cryptocurrencies maybe will not replace fiat money, but they will be accepted in a lot of stores and places all over the world. So when the resellers and people more like to accept cryptocurrencies then fiat money, i think we got it. Because fiat money will not dissapear in the next twenty years.

[jchav010101]

Governments sooner or later will start control or limiting of cryptos.Monopoly of money emission is a one of the fundamental parts of the governmental institute.But It will take much longer time do complete this case cause bitcoin can only replace fiat and only when it's legalized worldwide.For now there are only few countries that legalized bitcoin.Bitcoin still can not replace all fiat money all over the world.

[ACVinegar]

If the crypto currencies open to the whole world, then why not? There's no wrong to crypto currencies, actually it gives job to many people and thru help of this crypto or virtual currencies many people will become successful and rich. In my own opinion yeah there's a high possibility that cryptos were replace Fiat money but it took a long time before it will happen.

[johnlhy253]

I think one day cryptocurrencies maybe will not replace fiat money, but they will be accepted in a lot of stores and places all over the world. So when the resellers and people more like to accept cryptocurrencies then fiat money, i think we got it. Because fiat money will not dissapear in the next twenty years.

Yeah this is true, fiat will not replace money. Bitcoin sooner will be legalized over the world and it will be accepted in any kind of store. in the future.

[dangcaohung]

I think crypto will not replace fiat money because the governments can not control it, the more crypto someone have, the more power they have. That makes this world very unfair. I think crypto still exist with the fiat money. Its more like a asset than a mean of payment.

[letzdodiz]

I think it is extremely unthinkable that the crypto supplant fiat cash on the grounds that crypto is extremely not the same as the fiat money.it isn't generally a cash that cruised by the administration perhaps it is just a sort of investment.while fiat is a cash that cruised by the administration property and it ought to be utilized to gather taxes,orcpay everything wuth its comparing country.so then it is extremely unimaginable that the bitcoin can supplant fiat.

[charlemagne_15]

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)

To be honest I don't think cryptocurrency will replace the fiat money in the future. The two of them are not similar in some aspects. In addition, government will not allow it due to they cannot control the cryptocurrency so they are not in favor to it. I also think that replacing the fiat is the main goal of the crytpto like the bitcoin.

[9emb3lelit3]

Bitcoin is made as a means to replace fiat currency. Which of course from Bitcoin, we will get a lot of convenience and also security in managing all our financial economy. Bitcoin is a testament to the digital technology we will use in the future.

[stil3tto]

Yes there is... 

Some exchanges will do it in soon.

[mejalipat]

I think bitcoin will not replace flat money because not everyone knows and uses bitcoin so they still need real money that is safer and easier to use, to make bitcoin as the official currency may take a very long time