In the next decade, BTC and digital currencies will “fully” replace fiat?

[blandana]

Ok gotta be honest: my opinion.

It's time to stop suggesting this is going to happen.  If you consider the history of the world, its not going to just "convert" to bitcoin especially since there has been so many problems with it.  USD/JPY/EUR will not just disappear and become "less popular" than bitcoin.  That would literally create armageddon.  The whole world will never all be able to use bitcoin exclusively and suggesting this anymore is ridiculous.

Not trying to flame anyone here but this topic needs to no longer be posted in my opinion.  It's like reading a fairy tale.

this is like suggesting the world needs to convert their dollars to elon musk bucks or brookshire hathaway tokens because their stock did well one time.
You're not sane if you think something like this is going to happen anytime soon or maybe even ever at all.  The world wasn't built on bitcoin for 2000 years.

[1714687214]

1714687214

[1714687214]

1714687214

[1714687214]

1714687214

[Reatim]

This is all we wanted to happen because being Cryptonians we are looking for the most effective and reliant in terms of payment system.

but the problem reality,that world will never live with technology itself just like gold that will remain as physical asset,Fiat will always stay the same.Yeah in the future Cryptocurrencies will be our main currency but also fiat maybe use in some offline dealings.

[Apes]

I am also optimistic that in the next few decades cryptocurrency will become popular, cryptocurrencies only need a triger so adoption can be carried out in all circles and hype around the world. At present the government is still ashamed to admit that cryptocurrencies are superior to fiat but I am sure many have researched the transition in the long run.

[shoreno]

i am with you op  .predictions are just prediction and they are not absolutely true but i love the fact that they predict something good because they predict that cryptos will will overcome fiats  .

 im not really into fiat honestly thats why i said those things above but i feel sad for the people that didnt know how to use a crypto because they are the ones that will struggle when this prediction finally occured but i forgot that its only a prediction anyway haha  .

[blandana]

This is all we wanted to happen because being Cryptonians we are looking for the most effective and reliant in terms of payment system.

but the problem reality,that world will never live with technology itself just like gold that will remain as physical asset,Fiat will always stay the same.Yeah in the future Cryptocurrencies will be our main currency but also fiat maybe use in some offline dealings.

Wrong,  cryptocurrencies will not be our main currency.  The currency that built this planet for over 2000 years will remain intact because that's what business use and that's most likely what they will always use.  The closest things will get is if the world "deletes" paper money.  It will still be in USD, Yen, or euros though etc.  

[Wintersoldier]

i am with you op  .predictions are just prediction and they are not absolutely true but i love the fact that they predict something good because they predict that cryptos will will overcome fiats  .

Basically, predictions are also be known to be manipulative because predictions made by people who has a great influence to the public could possibly control the outcome of the market through the people to change their mind, whether to buy or accumulate and to sell their cryptocurrency which could impact the universal market price of it. Going back to the topic we have, predicting cryptocurrencies to replace fiat for me would not be completely possible, but we could make fiats to be cryptocurrencies, based on my understanding, fiats are government regulated money, and people's money needs to be regulated for the government to have their plans to be successful. Cryptos could be regulated if they want and could be somehow called, an entity that replaced fiats.

[Palider]

It takes time and a lot of development, acceptance, awareness for this to happen and a decade is not enough to make it happen. And I think the technology era needs to come first, which is currently in progress before the digital era can take place.

Because this is the awareness of people using basic things like smart phones and personal computers. Because this will serve as our wallet in the digital era.

[ralle14]

I doubt fiat would get fully replaced in the next 10 years, it's likely to be more than that. We could see more people using digital currencies over time but replacing something that the majority uses takes more time. Others are moving to different payment options but still a lot of people uses cash as there's still a couple of upsides to it.

but i feel sad for the people that didnt know how to use a crypto because they are the ones that will struggle when this prediction finally occured but i forgot that its only a prediction anyway haha  .

In the future people who have troubles with cryptocurrencies could easily adapt as new digital currencies quickly pops up and maybe there would be one that caters to people who've been using fiat.

[dimastegar]

In a few decades, I am sure that the adoption of crypto will continue to rise. Of course, it also requires support for each individual (crypto user) to spread crypto to the world. We can start by introducing crypto to the people closest to us, then try to build connections and start making something bigger like a seminar on crypto or events about crypto. Of course it takes sacrifice in the form of money and energy. But hard work will not betray the results.

[DreamStage]

I am positive about such thing.

It might happen eve sooner than next decade as things are getting closer to a state where everyone will think on using it as mainly fiat currency.

As long governments think it's the best to legalize it and not ban it away we will probabily be fine and more countries will start adopting it.

[acsalles]

If it were to say that digital currencies could replace fiat currencies, it probably wouldn't have been possible. Because national currencies are very stable and have a strong circulation of countries. But this is also a very new thing for digital currencies when applied in many countries around the world

[bounceback]

As for me, I think next decade would not be enough just yet for digital currencies to fully dominate, as most banks and people from around the world still prefer fiat more than Bitcoin, etc.

Yes, all of us are free to predict about Bitcoin and other cryptocurrencies. But for me, they’re just predictions. This world is unpredictable, as what I have said over and over again in my previous posts. 

yes, of course, cryptocurrency will be the main payment flow for people around the world when changes in the world will use everything with blockchain technology and this will certainly make it easier for us to make transactions whenever we want, and but I don't think we can say that the Fiat currency will die or end when it all happens because I'm sure some people still need fiat currency to give to their children to buy snacks.

[Kunnu]

I think governments of any country wouldn't like that any imaginary currency become a barrier between the growth of their legal tender and their economy that's why some countries are trying to develope the sources which could be helpful for them to take control on cryptocurrencies maybe this attempt won't be successful but some governments are trying to stop cryptocurrency revolution which is impossible I guess.

[bitbunnny]

To my opinion cryptocurrencies will never replace fiat. They will develope further and they will become more equal to fiat currencies but they will not replace them.
Due to its characteristics cryptocurrencies are volatile and unstable and world economies can't rely on them. Also, very small number of people is.using cryptocurrencies and due to lack of knowledge and internet connectivity they are not available to them. So, let's be realistic.

[umbara ardian]

The cryptocurrency never replaces Fiat. Fiat is very important in life and it has existed for a long time, and Fiat represents the economic development of each country.

[bitbro678]

I doubt if that will happen. What's more likely is fiat and crypto existing alongside each other in complete harmony.

[GideonGono]

... As for me, I think next decade would not be enough just yet for digital currencies to fully dominate, as most banks and people from around the world still prefer fiat more than Bitcoin, etc.

Yes, all of us are free to predict about Bitcoin and other cryptocurrencies. But for me, they’re just predictions. This world is unpredictable, as what I have said over and over again in my previous posts. 

I share your opinion with mine. In my opinion, I don’t really think that cryptocurrencies exist just to bring downfall of fiat system but rather I see it as a new monetary system that would go hand in hand with fiat in order to offer more choices and conveniences towards the people. “Fully replacing the fiat” is quiet a bold statement to make and these predictions are quiet wild in some way where they are looking far into the future with no current circumstances backing and I would classify this as a fiction for now.

[kotik085]

Fiat worlds is has been gearing towards the end for the last couple of years. There re reports over 90% of payment are electronic payments in Scandinavian countries. However, this is still mostly centralized credit cards and payment processors. BTC and crypto is just the next evolution of that.

Most likely, bitcoin will completely replace fiat, after passing ten years. By this period, Bitcoin must confront the state system and become a leader compared to gold. The emphasis should be on Bitcoin to get ahead of gold as soon as possible.

[Meowth05]

... As for me, I think next decade would not be enough just yet for digital currencies to fully dominate, as most banks and people from around the world still prefer fiat more than Bitcoin, etc.

Yes, all of us are free to predict about Bitcoin and other cryptocurrencies. But for me, they’re just predictions. This world is unpredictable, as what I have said over and over again in my previous posts. 

I share your opinion with mine. In my opinion, I don’t really think that cryptocurrencies exist just to bring downfall of fiat system but rather I see it as a new monetary system that would go hand in hand with fiat in order to offer more choices and conveniences towards the people. “Fully replacing the fiat” is quiet a bold statement to make and these predictions are quiet wild in some way where they are looking far into the future with no current circumstances backing and I would classify this as a fiction for now.

Exactly. Besides, I think there are some places in this world that are not ready yet for this kind monetary system, especially in the third world countries. Also, it needs to be legalize first across the world which seems impossible for now. Just like what others say Bitcoin and other cryptocurrencies cannot replace fiat but rather could become an alternative monetary system. Moreover, I think Cryptocurrencies does not fit to become a common currency due to the fact that it is too volatile.

[Eugenar]

Exactly. Besides, I think there are some places in this world that are not ready yet for this kind monetary system, especially in the third world countries. Also, it needs to be legalize first across the world which seems impossible for now. Just like what others say Bitcoin and other cryptocurrencies cannot replace fiat but rather could become an alternative monetary system. Moreover, I think Cryptocurrencies does not fit to become a common currency due to the fact that it is too volatile.

Well, if we are to look at the truth, there are so many countries belonging from third world countries that are really open for adoption of cryptocurrency. And we could not disregard the fact that there is a chance that these third world county might be the leading adopters of crypto, one main example of it is the presence of many indonesians and Filipinos here, which puts light to make their economy better with cryptocurrency.