Financial Writers Predict Fiat Dollar Will Collapse and Rise Crypto

[pushups44]

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

I am skeptical of those who claim there will be a dollar collapse any time soon, because they have been predicting it for years, and some for decades. An advantage of bitcoin is that it cannot be recklessly printed like the dollar, so it may become a save haven alternative like gold. I believe both bitcoin and gold are a solid form of insurance to a potential dollar collapse.

[Indrawan77]

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.

I personally think bitcoin still not appropriate yet to replace USD, the volatility is too wild and without any supervision there will be whales controlling the price, I realise that fiat value will always go down due to the inflation, but it will never be collapse, USD had been used for a long time in almost all international transactions, it's not that easy to replace it, afterall, crypto is banned in several countries

[Bitfling]

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

Dollar can sustain untill right now because dollar used as main currency in the world and the biggest export of america is inflation. I dont think dollar will collapse in short time because dollar domination for world transaction still big

[DavidBolster]

Frankly speaking I really don't believe on this because there is still no reason which show that fiat dollar will going to collapse.

[Champeeon]

I do not think cryptos and Fiat are major competitors. So a rise in one might not necessarily bring about the collapse of the other one. Cryptos will be adopted one day but that will still not eradicate Fiat.

[ANUKRAMAYON]

The time that dollar will collapse is much near than we think and it is something unavoidable in the near future because best cryptocurrencies like Bitcoin and Ethereum usage is increasing among most industries and Businesses these days and many payment options are implemented in retail sector targeting the crypto community which means digital currency business adaptation is increasing rapidly so such predictions can be correct

[BCTalkaccountforsale]

Predictions are just predictions and I do not believe this can happen. How does Fiat collapse while it is the main circulation currency and recognized by governments? Fiat is the main currency of the country, this prediction I see no basis. The cryptographic market is likely to grow in the next few years, as more people are aware of it. I hope the cryptographic market will grow strongly this year and be recognized by many countries.

[Gotumoot]

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 

This is why im always suggesting that dont believe in all of the things you see on the social media and also all of the speculations spreading, because this is not exact and sometimes its wrong and unreliable. Fiat currency will not collapse but cryptos can, its because the world is runs by the leaders, and we know that powerful people wants just the things that can be controlled.

[carlisle1]

but haven't they been predicting the dollar collapse and a big financial crisis in the world for many years now?
i don't really follow it since it doesn't interest me but at least i remember it this way. every now and then i read a new thing about someone predicting the collapse soon and nothing comes.

'
There is always a prediction. Recently The Rich Dad Poor dad Author gives a warning of the upcoming crash. Well, cryptocurrency is getting popular and there are sophisticated apps already being develop and used. I think we are getting there, the Rise of Crypto.

But always remember that believing in false hopes will lead you to failure and frustrations because predictions are even likely propagandist only giving their idea to favor their intentions,let us not buy this kind of news and instead do oir best to gain without listening to others

[dungthuy]

I don't think things like this can happen in the near future. The role of fiat currency present in every single part of our life. As well as we are living. Though some countries, China for example. going out without using paper money, but even when they are using transactions, that money is still fiat as it issued by gorvement and represent for the power of that authorities. Unless the whole system collapse, it won't happen

[Nilda]

Another conspiracy theory, courtesy of YouTube. Cryptocurrency can coexist with fiat currency, which has been around for centuries. Pretty sure the author has a lot of $ stored somewhere. 

[Teriyanone]

Financial writers are telling the truth because cryptocurrency world is rising in an incredible rate where many online businesses will run upon some kind of cryptocurrency and specially this year unlike any other vast range of digital currencies were released targeting various kind of industries in the market to make them more effective and efficient for consumers and for stakeholders which cannot be done by any fiat currency in the world so this can give a great competition for fiat money in the future   

[KKH84]

because Bitcoin has no centralization, different from fiat money. The creation of new Bitcoin units can be done by anyone, open to everyone. And precisely that is what will keep the Bitcoin system's integrity running and for this reason maybe in the future bitcoin will be able to replace fiat money.

[DoublerHunter]

I agree with them that the fiat will collapse because they are just simply scam because the inflation is the reason why they will fall and why they will collapse and the gold and the cryptocurrency will rise and that is the reason why i am not putting a lot of money in the bank because i know that it is more worth it to keep some of my money into assets.

[qiwoman2]

The US dollar is built on debt and debt culture. Unfortunately, this doesn't look likely to end and the biggest PONZI is Fiat money. It's funny how the SEC goes around trying to shut down businesses it deems are ponzis and scams, yet their money, especially the US dollar, since it got unpegged from the Gold Standard, has been the biggest ponzi since the Amsterdam Tulips back in the day lol. I think digital money will replace fiat in years to come. Bitcoin, as is limited in supply and with the lightning network, is going to replace Fiat money in many places I think. I don't know when this will happen but maybe in ten years or so we can see it replace some currencies.

[airdrophunter]

But how really legit these predictions are? Predictions can only have two results whether it will come to reality or will just flip on the other side and give you a very frustrating result. Anyway, just like what they predicted, i am also predicting that bitcoin and crypto will be the major key for the growth of world economy.

[slaman29]

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.

Bitcoin already appropriately meets all the requirements to replace US dollar or any fiat, but it simply relies on acceptance. We can already see that majority of normal people who use money can and will use Bitcoin, but we still have to think of billions of people who don't even have the right technology to use Bitcoin, or afford to use it.

Millions still earn below $1 a day, which today means below 10k satoshi a day. If these people still need to transact 100s of satoshi even if they had wallets and means, they couldn't afford fees.

So it is still a long way to the future for me.

[IndependentWild87]

I'm totally agree with them and their thought is far better than ours and if they predict this there must be any big reason they got behind this.

[Tory-Tory]

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

Robert Kiyosaki is certainly a respected person, but how do you imagine the collapse of the dollar? Do you understand what kind of empire is behind this currency?
I think that the Americans will find a way out in any situation to keep the dollar's influence in the currency arena.

[SIDDHI777]

It is normal that when something special and useful rise above inefficient things there is no doubt those once will come to an end and even that is not that easy in this situation for cryptocurrencies to rise above major fiat currencies there will be a huge competition among fiat and crypto currencies in the future and soon many political and financial decisions will be made regarding this matter