Is bitcoin a threat to USD and Pound Sterling?

[Luckyji]

Actually so many people might think bitcoin is a threat to doller  pound and sterling but its not a threat to all these currency because each of them have their own way to function but the way bitcoin is moving now it looks threating  but its not.

[RuslanSamui]

Hello everyone, I think in the coming years is not yet a threat. But in the future I think digital currencies will replace ordinary money

[cr7]

Bitcoin is too weak in capitalization to replace the dollar and pound sterling.
Thus, bitkoyn and other crypto-currencies do not pose a threat to the central banks of the world, let alone a fiat currency.

[rafi035]

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.

maybe all that could happen no one can know for certain predictions of that time when if the development of bitcoin advanced more rapidly it certainly can all happen

[Reagan_alvaro]

I think all the chances are there but I think it's all impossible for now

[Nanashev]

NOOOOO! Bitcoin is definitely not going to be a threat to USD and Pounds Sterling. You know why? This is because bitcoin will all require fiat currency such as USD for its rating and exchange. Few year to come, bitcoin will get direct exchange rates with other currencies worldwide. With this, I believe trading in cryptocurrencies will be much simpler and faster.

[Jody.Drummer]

do not think that bitcoin will be a threat to other currencies precisely with the existence of digital money so many changes that have occurred because bitcoin can provide different ways can ease in all things in the form of investment and even secure transactions so I think that bitcoin will be the currency digital that will never threaten the existence of other currencies

[Eureka_07]

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.

I don't see bitcoin as a thread to other fiat currencies. Bitcoin is one of the best product of technology and through it we can do transactions online. Virtual money like bitcoin does not compete with fiat currencies. Bitcoin just want us to hold our money by ourselves; by having a wallet in your own gadget.

[syarifudin]

it depends on the country, if the state already recognizes automatic bitcoin currency of a country will be threatened by bitcoin.

[khelan]

It may be, when all world accept bitcoin as legal currencies. but still the dollar and pound will accept as they have legal stable value.

[markleal]

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.

Hi there kappajess! As of this moment I cant see bitcoin as a threat. What I foresee is that dollar and pound creation will be lessen in future because most of the poeple will prefer to use payment in electronic form as oppose to a physical cash. By then the inflation rate of those country using it will goes up. The amount of those money will be lessen that could also be a reason to increase its price against other currency. That could be a win-win situation by then. But if the bitcoin cross more river than that, the government will then create a reason to minimize the use of cryptocurrencies.   

[Aroma92]

I think that bitcoin is not a threat to fiat money. I think that he will be on his own, apart from them. If such a threat appears, it will be a completely different bitcoin.

[leviathon]

I don't think Bitcoin is a threat to the USD or the Pound Sterling for at least few decades as the current adoption rate of Bitcoin is still very low and it wont be easy for Bitcoin to overtake already established currencies like USD and Pound Sterling. Also the governments wont allow a decentralized currency like Bitcoin to over take their national currencies.

[mak2017]

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.

Not at all, USD or GBP could be easily printed over and over again.
What governments really fear is that they can't control volatility of bitcoin, they try to manipulate it as hard as they can with these futures trading, fake news and so on.
But in long run, this method will fail, people aren't that stupid to keep falling for the same "government games" all the times.

[darkangel11]

It's not. Fiat money won't disappear and cryptocurrencies weren't made to make people stop using money. They were made to give them a choice, an alternative. You dobn't like how your government is treating you? You don't feel safe? Keep some of your money in cryptocurrency!
If the government sees that maybe it will start to think about improving their fiat money or fighting inflation.

[Alex Foman]

I do not think that the virtual currency will squeeze out the usual money so quickly, so today's currency should not be much worried, but it's worth thinking about

[saadat6868]

Maybe in the future bitcoin can crashed American dollar, but the percent of it is small, so we can sleep calmly

[kok jujung]

I think bitcoin is not a threat to other world currencies including dollars because they are different, they have their respective places

[Nanknink boy]

Those who are out there are always and overly concerned about bitcoin development in many countries, and that is their right and not a concern for us.

[ladydark]

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.

No.Not at all.Bitcoin has the biggest drawback that it could be only used in internet.Also it being a digital currency could not be used by uneducated people.It has just a limited supply of 21 million coins which makes it impossible to use it as a primary currency.