[2018-08-04] UBS: Bitcoin Can Replace Fiat Money When It Hits $213,000

[Angel Di]

I wonder why they chose $213,000 as a reference point? I do not think that someone can now openly predict, and then it does not depend on the price figures, but more on the further development and laws.

[1715063484]

1715063484

[Yurkov]

It is not likely ever, too many factors at play, no doubt bitcoins has all the unique characteristics of money, all those reasons stated are discarded when politics and national interest is at play

I don not think that the amount of money is the real barrier for being a fiat money, i have the same opinion like you, so even why they told about he 213k$ what was the point of it? I think like you that goverments and other factors must be done to replace it.

[carlfebz2]

Fiat money and traditional banking have to be replaced by a neutral, borderless, and frictionless system, such as a decentralized peer-to-peer electronic cash system: Bitcoin.

This topic been discussed for how many times about bitcoin to replace fiat if hits up certain ranges but after all the years ive been staying on this forum. I do see speculations about $1M, 50k, 60k, and now $213k and as being said where they do get these figures? We didnt even hit or pass up the previous ATH and now we are talking non realistic predictions how much more on talking replacing fiat by bitcoin? Impossible.