Financial Writers Predict Fiat Dollar Will Collapse and Rise Crypto

[r32godzilla]

It's a well known fact that the US dollar would collapse one day as it is not backed by gold or any asset and just printed infinitely.But bitcoin being the main player in the cryptos is not in a position to replace USD as currency due to its limited supply.

[aizen10]

As i can see,  there is no sign of collapse in dollar, but only in crypto, i mean, crypto doesn't move for a change, it is still remain at the tip of reds, but sooner or later it will pump again. The prediction on dollar is only prediction, and not 100% accurate, as i said there is no sign of collapse in dollar.

[tkaush]

Fiat dollar will definitely collapse one day with the rise of crypto and not just the dollar it will go down with other currencies too and it will be a major impact on the current world order in the business world 

[euronine897]

Replacing the US dollar means a huge thing even some say it is a fraud because the entire world economical transactions are run  upon the dollar nothing is done without an involvement with dollar because it's stability that has gained during the history but if crypto currencies can take that place it will be great     

[DanielJacob]

maybe this is true. but i hardly believe on their prediction. when the writers write something , they do well research and then they have some evidence. on basis of these they write something.

[Dmitry.Vastov]

The best-selling financial book writer "Rich Dad, Poor Dad" said Bitcoin would replace the US dollar, which he called "counterfeit money." In the April Sane Crypto podcast, author Robert Kiyosaki said the practice of printing more money in America was to create bubbles that would explode. "I think the dollar is toast because gold and silver and cyber currencies will take it," he said. "The US dollar is a fraud. I think we are watching the end of the dollar. "

https://www.youtube.com/watch?v=unvFvAUCZEU

As we all know that bitcoin is a volatile crypto currency and therefore its valuation keeps on flactuation with time and moreover being a kind of investment also contributes a lot in flactuation in valuation of bitcoin so ups and downs and pumps and dumps are very very common in bitcoin, in the past 8 months there is huge deflation in the valuation of bitcoin and now people started thinking that now the bitcoin will end up soon like a bubble, for them there is still a good news that according to financial experts bitcoin is again going to inflate very soon.

[Papapat22]

Well it would really gratifies everyone especially the people in this industry but to think of it in deeper sense, I think its not that easy as what their prediction tells about.

[Mrconnect]

If the Bitcoin is going to ever usurp Fiat Dollar, it is going to take a long time. I am not totally against Kiyosaki and Co's predictions but, come on, we are talking about the US dollar here. Besides, the Bitcoin has only been here for a short time compared to the US Dollar. Yes, cryptocurrencies are the future of money but lets give it some more time before talking about it taking over the USD

[AAKODI]

That is something impossible to happen not for a long time because USD is a stable currency among many fiat currencies in the world which is the reason it is globally recognized and it belongs to the most powerful nation so for any reason USD to collapse because of crypto is unimaginable but that can be happen after a long time if crypto dominate the entire world in some day   

[perova93]

a lot of people express their opinion about the possibilities of crypto currency! but do not forget that the crypto market is only 8 years old. this is a very young market, and it can not yet replace classic paper money! the entire world's payment system should change.

[rockie87]

It can happen but one one condition that fiat dollars are greatly invested in crypto currency.If more people buys crypto with fiat dollar,the value of dollar will decrease automatic.For this to happen it will take time as people have greater trust on fiat dollars that crytpo so I don't think this will happen this soon.

[ASHANABEY]

Many say that fiat Dollar Will Collapse with Rise of Crypto but in order for that to happen the crypto currency must has the ability to make a radical change in the world financial system by making cryptocurrency are the most usable currencies in the world which is really difficult but possible and it is happening right now but not with the speed as we expected     

[yitzjoe]

the triumph of bitcoin and crypto has begun when there was a financial downturn in several major countries such as US, China and several European countries. decentralization of the system will be difficult to accept but if it is the best then the world will use it

[virendarnagpal]

US dollar has established it's world wide acceptability.  While travelling from one  country to another; still we have to purchase Dollars with our local currency.  And then reconvert into the currency of the nation where we travelling.

Cryptocurrency is establishing it's empire.  No doubt it is being accepted at good speed.  More and more people are coming to it's fold.  But several countries are not allowing their people to buy it.  

So it will take very long time for crypto to rule fiat dollar because of it's strength.

[leonarda]

We do not need current financial system and banks to collapse for crytpo to grow. They can exists together.

[arc67583]

The prediction might right and there will be a huge problem for dollar because even Bitcoin and other cryptocurrencies price dropped due to many negative effects it had to face from the world the world understanding towards cryptocurrencies is changing so we can see many industries and businesses are trying to connect cryptocurrencies with there core business processes and that can give a good place in the near future to increase it's price and expand more in the globe  so even the United States Dollar wont collapse there will be a huge negative effect or a fall than today status due to cryptocurrencies and it will effect badly to there economy and the rest of the world

[roadwell890]

I don't expect this to happen, but if Bitcoin is appropriate and meets the requirements to replace the existence of USD, I think it's an advantage for us BTC owners.
when all people in the world use BTC, then in a short time they will also understand Altcoin, and there will be a cryptocurrency period.

[mojo2208]

That will not happen. At least not soon. The US dollar regulates the entire currency in the world, but little is known about bitcoin

[Wendigo]

Financial writers who write fiction haha These trending predictions by 'financial experts' are dime a dozen nowadays and don't hold true whatsoever. Bitcoin is the last thing to ever succeed the banking system as it's very easy to pull the plug on any crypto. Do you think the world leaders will let commoners have financial freedom in some magical Internet money? So much wishful thinking 

[jhonnydeep87]

Bitcoin or other altcoins can have trouble replacing fiat forever. If that finally happens and won't be for a decade or more, we can see bitcoin and other people working with US dollars and other currencies. Bitcoin will continue to increase and more people can use it in the end it will become sweet.