Not as long as people are thinking to hold Bitcoin, only to sell for their precious dollars. Ten years might not be an impossible timeframe for tech to innovate and embed, but it isn't as long as it seems, either. The major currencies still have a lot of life left in them, even if they're bleeding profusely.
Didn't know Nicholas Merten before reading this article, but I am surprised on how he related the past and current significant events on cryptocurrencies and then leap out on a prediction that cryptocurrencies will replace Fiat.
That's because he's not an "expert" at all. He's a self-styled "blockchain and crypto enthusiast" with a Youtube channel.
I scrolled through his Twitter to see if I could find some more elaboration on this idea. I couldn't find much. For some reason, he thinks "cryptocurrency replacing fiat money" is just
a natural progression from "institutional speculation."
As long as governments and central banks exist, I don't see it happening. There's also a large disconnect between "speculative asset" and "currency" and I'm not sure how it's all going to play out. I see cryptocurrencies taking some market share from fiat currencies, but not replacing them.
"Expert" has long joined an array of terms rendered meaningless, thanks to the marketing efforts of so-called blockchain/crypto projects. Along with "disrupt", "revolutionary" and others... can't recall all of them but I'll only need to visit the altcoin section ANN posts to refresh my memory.
These days, influencers are experts, more so than academicians or even developers. Good old coding skills and experience are no longer qualifying requisites for expertise. Gotta disrupt the old world now and give way to these social media experts!
