Crypto will rival or replace fiat in 10 years?

[Reatim]

76% of finance professionals believe that digital assets “will serve as a strong alternative to, or outright replacement for, fiat currencies in the next 5-10 years,” according to Deloitte’s annual global blockchain survey.

Is there any possibility that this could happen or this was just another speculation that is impossible to believe, but if we are going to look at the percentage of finance professionals that believe on the possible replacement of fiat with digital assets I think we are in 90% basis in favor of rival or replacement of fiat. Show me your comments about this news guys if you believe or not with this possible replacement?

for more than 10 years this has been the same topic tackled , about crypto or Bitcoin specifically will replace Fiat  but what now?
and here another 10 years that this will happen , Nope there is nothing to expect crypto replacing Fiat at all, there might be a upgrading meaning crypto use will increase a lot more but does not necessary mean Fiat will gone in effect.
this will be another thing to happen if the whole world becomes automated and robots will run the world lol.

[Wong Gendheng]

In my opinion, fiat's competitors are cryptocurrencies, this can be seen by many countries who are afraid that bitcoin is banned, of course it is natural for fiat to lose interest so that the state has no control and profit if its citizens actively use cryptocurrencies.

[SirLancelot]

I have seen these type of approaches to crypto at all times, and yet for some reason people are mistaking them as rivals, and that is the biggest problem. Why do people think that fiat and crypto needs to rival each other, why can't they just be friends and go hand in hand. Sure crypto is a currency, but let's assume you live in USA, and there are people who own euro in USA as well, does that mean euro rivals usd?

Of course not, crypto is just another currency, there are 100+ different currencies in the world backed by governments, and crypto is just another one that adds on top of that. I do not think that one rivals the other and I believe crypto will just be something that everyone can use along with their fiat together.

[TheGreatPython]

for more than 10 years this has been the same topic tackled , about crypto or Bitcoin specifically will replace Fiat  but what now?
and here another 10 years that this will happen , Nope there is nothing to expect crypto replacing Fiat at all, there might be a upgrading meaning crypto use will increase a lot more but does not necessary mean Fiat will gone in effect.
this will be another thing to happen if the whole world becomes automated and robots will run the world lol.

It has been way more than 10 years if we are talking about "fiat vs xxx" because fiat is not doing justice to people right now. People think that money is their problem and they do not realize that wealthy people made the world turn in a way that poor people rarely get to become richer. Look at all the wealthy people in the richest person list and you will see that all of them came from rich families. So in a way, we are not really having this much trouble, this many poor people, only because of money.

However many people see the problem with fiat, which could be good if managed properly by the governments all around the world, then compare it with stuff, they want fiat gone and something else to come so that they could have alternative where they could get a little richer, a little better. I do not know how that would work but I believe it should be doing better soon.

[Lanatsa]

In my opinion, fiat's competitors are cryptocurrencies, this can be seen by many countries who are afraid that bitcoin is banned, of course it is natural for fiat to lose interest so that the state has no control and profit if its citizens actively use cryptocurrencies.

It wasn't really a competitor on the first place because crypto wasn't really intended nor being created for replacing fiat but who knows that it did really able to make something which is totally opposing

centralization which it did really turns out that crypto had really have this kind of characteristic on where some people do really put up interest due to decentralization.Some people do love anonymity

and something which cant really be controlled but for sure that fiat cant be replaced in next 10 years or even 20 years or more.

[romero121]

In my opinion, fiat's competitors are cryptocurrencies, this can be seen by many countries who are afraid that bitcoin is banned, of course it is natural for fiat to lose interest so that the state has no control and profit if its citizens actively use cryptocurrencies.

It wasn't really a competitor on the first place because crypto wasn't really intended nor being created for replacing fiat but who knows that it did really able to make something which is totally opposing

centralization which it did really turns out that crypto had really have this kind of characteristic on where some people do really put up interest due to decentralization.Some people do love anonymity

and something which cant really be controlled but for sure that fiat cant be replaced in next 10 years or even 20 years or more.

Agreed, fiat has secured a position that can't be replaced at any cost. Anonymity is part of its characteristic features, which is loved by specific group of people who wants to stay away from the centralized community. People always find cryptocurrency as an alternate way to fulfill the requirements that can't be done through the traditional fiat. This makes people prioritise cryptocurrency on specific needs and fiat on certain needs. So, there is no possibility for replacement of fiat.

[Yamifoud]

I have seen these type of approaches to crypto at all times, and yet for some reason people are mistaking them as rivals, and that is the biggest problem. Why do people think that fiat and crypto needs to rival each other, why can't they just be friends and go hand in hand. Sure crypto is a currency, but let's assume you live in USA, and there are people who own euro in USA as well, does that mean euro rivals usd?

Of course not, crypto is just another currency, there are 100+ different currencies in the world backed by governments, and crypto is just another one that adds on top of that. I do not think that one rivals the other and I believe crypto will just be something that everyone can use along with their fiat together.

And it was too sad that many were still not able to understand hence it was still clear the purpose of creating cryptocurrency. Definitely, it was not meant to be a rival, only just to happen that those people who use to pay online will use crypto as long as it was accepted but if not, fiat money would be at its work.
I think we have nothing to argue with this nor do people have to think this about a rival thing which in fact, it is not. Well, they work together in 10 years from now and people will use them both.

[Devifajarina]

76% of finance professionals believe that digital assets “will serve as a strong alternative to, or outright replacement for, fiat currencies in the next 5-10 years,” according to Deloitte’s annual global blockchain survey.

Is there any possibility that this could happen or this was just another speculation that is impossible to believe, but if we are going to look at the percentage of finance professionals that believe on the possible replacement of fiat with digital assets I think we are in 90% basis in favor of rival or replacement of fiat. Show me your comments about this news guys if you believe or not with this possible replacement?

Of these 6% people have not represented 50% of the world's people, meaning this is speculation 6% of people, digital assets are currently widely known to humans, as an alternative to buying existing coins, but in a deeper sense, digital assets is not a rival or will replace fiat money in the following year.
If this happens, there will be many problems that will arise in the future, digital assets must be a counterweight to fiat currencies, both have their respective roles and functions in human life using them, the survey does not involve 50% of humans in the world, so the truth is still very doubtful?

[mumang siat]

76% of finance professionals believe that digital assets “will serve as a strong alternative to, or outright replacement for, fiat currencies in the next 5-10 years,” according to Deloitte’s annual global blockchain survey.

Is there any possibility that this could happen or this was just another speculation that is impossible to believe, but if we are going to look at the percentage of finance professionals that believe on the possible replacement of fiat with digital assets I think we are in 90% basis in favor of rival or replacement of fiat. Show me your comments about this news guys if you believe or not with this possible replacement?

There is a possibility that this will happen if you look at the developments that digital assets continue to make, so that they become a substitute for fiat currency in the future, but if this continues, there will be friction between digital assets and fiat currency, which will continue to have an impact on human life,the stability of the two will continue to be turbulent, when digital assets will continue to be associated with fiat currency, and this will be very dangerous for the survival of both, I think fiat money and digital assets must be able to live in tandem with today's developments?

[Renampun]

76% of finance professionals believe that digital assets “will serve as a strong alternative to, or outright replacement for, fiat currencies in the next 5-10 years,” according to Deloitte’s annual global blockchain survey.

Is there any possibility that this could happen or this was just another speculation that is impossible to believe, but if we are going to look at the percentage of finance professionals that believe on the possible replacement of fiat with digital assets I think we are in 90% basis in favor of rival or replacement of fiat. Show me your comments about this news guys if you believe or not with this possible replacement?

in the next 5 to 10 years the popularity of crypto will definitely beat fiat...

I predict people who make transactions with crypto are far more than fiat because it is cheap and easy but the existence of crypto will not eliminate fiat because the government will definitely not allow it.

[Botnake]

76% of finance professionals believe that digital assets “will serve as a strong alternative to, or outright replacement for, fiat currencies in the next 5-10 years,” according to Deloitte’s annual global blockchain survey.

Is there any possibility that this could happen or this was just another speculation that is impossible to believe, but if we are going to look at the percentage of finance professionals that believe on the possible replacement of fiat with digital assets I think we are in 90% basis in favor of rival or replacement of fiat. Show me your comments about this news guys if you believe or not with this possible replacement?

in the next 5 to 10 years the popularity of crypto will definitely beat fiat...

I predict people who make transactions with crypto are far more than fiat because it is cheap and easy but the existence of crypto will not eliminate fiat because the government will definitely not allow it.

Even at the present i can say that crypto has already starting to gain interest not just as an investment but also making it as a currency. And i know after 10 years, crypto might already co exist with fiat and is already integrated in banks, but never will it replace fiat in the long run. Its decentralized and being highly volatile in nature will more cause confusion to the people. And the government will never allow it to happen knowing they can't be more transparent like crypto.

[Bollexz1]

No man can be so sure of that though. But left for me, I don't possibly think crypto will replace fiat in 10 years, as 10yrs seem too near. Matter of fact, I prefer them to continue working together as they both have their use cases.

[Quidat]

No man can be so sure of that though. But left for me, I don't possibly think crypto will replace fiat in 10 years, as 10yrs seem too near. Matter of fact, I prefer them to continue working together as they both have their use cases.

Why people do really think off that fiat would be replaced?Why cant people just see them both to be existing and just like on what others been thinking then its really impossible for fiat to be replaced.
Government wouldnt let that thing to happen.There might be add up but there would be no removal of things specially with fiat not only on the sense that government doesn like decentralization
but also there are people on the world doesnt really know on how things been done specially on digital transactions which would really be limiting out that kind of probabiliity.

[bct-user]

Is it a must that crypto to rival or replace fiat? Even in 10 years, I am sure fiat isn't replaceable, it is still needed forever. In my humble opinion, crypto is just another alternative to the world's currency. It is not created to replace fiat. Sometimes, I feel a bit strange why people want crypto to replace fiat, I thought it is impossible. So, better to forget that dream and just accept crypto to be an alternative currency.

[TheEconomists]

Let not deceive ourselves here as to whether crypto currency will one day replace fait currency. No government of the world will in any way will do away with her faith currency and replace it with Bitcoin or crypto currency, I don't see happen even in the next decade to come.

[maydna]

No man can be so sure of that though. But left for me, I don't possibly think crypto will replace fiat in 10 years, as 10yrs seem too near. Matter of fact, I prefer them to continue working together as they both have their use cases.

It is better to working together side by side to help people and the country grow. People can use crypto for an alternative payment if people don't want to use fiat money to pay. As long as people can use the benefit of fiat and crypto, it will surely help them solve their finances. In the next 10 years, I hope that crypto can become global and most countries can accept crypto as the other payment system and coexist with fiat in the finances section.

[Desmong]

76% of finance professionals believe that digital assets “will serve as a strong alternative to, or outright replacement for, fiat currencies in the next 5-10 years,” according to Deloitte’s annual global blockchain survey.

Is there any possibility that this could happen or this was just another speculation that is impossible to believe, but if we are going to look at the percentage of finance professionals that believe on the possible replacement of fiat with digital assets I think we are in 90% basis in favor of rival or replacement of fiat. Show me your comments about this news guys if you believe or not with this possible replacement?

Don't you think 10 years from now is too far and with little years from now the Fiat mode of transactions will be gone and the cryptocurrency market will dominate the transaction system making bitcoin to surge high because more investors will come to the cryptocurrency market to increase the market cap.

[Viscore]

76% of finance professionals believe that digital assets “will serve as a strong alternative to, or outright replacement for, fiat currencies in the next 5-10 years,” according to Deloitte’s annual global blockchain survey.

Is there any possibility that this could happen or this was just another speculation that is impossible to believe, but if we are going to look at the percentage of finance professionals that believe on the possible replacement of fiat with digital assets I think we are in 90% basis in favor of rival or replacement of fiat. Show me your comments about this news guys if you believe or not with this possible replacement?

Don't you think 10 years from now is too far and with little years from now the Fiat mode of transactions will be gone and the cryptocurrency market will dominate the transaction system making bitcoin to surge high because more investors will come to the cryptocurrency market to increase the market cap.

Yes. Fiat might slowly lost its value but that won't mean that decentralized crypto will replace the paper money. The government won't allow that to happen. There are high chances that they will create their own centralized digital currency so that it will still cater to the needs of the people. But in terms of investment, the government's digital currency will be no good at all so investors will surely find ways to access bitcoin and other crypto coins to buy and hold them for long term.

[Silberman]

It's not going to happen in 10 years. Maybe after few decades, but not anytime soon. And don't expect a decentralize crypto currency to replace fiat. The government will never let that happen. Probably we will see a centralized government issue crypto currency that will be integrated with the current banking system which might replace the fiat currency. Then again, we don't actually need a centralized crypto currency.  Decentralized crypto currencies even if they don't replace fiat currency, they will be used together concurrently.

I can also sense that fiat will be replace in the future but definitely not bitcoin or other decentralized cryptocurrency. The government might certainly create their own crypto that has their full control. Although bitcoin can still be used as a medium of exchange in the near future but it will never replace fiat from its throne. But no worries, because i know bitcoin will definitely be a huge investment by that time because of its very expensive price that will surely create huge profits too.

That is probably the next step, governments for example have wanted to eliminate cash as there is nothing more anonymous than the use of cash and they wanted to force people to use the banking system for everything so they could more easily track you, however while they hate the idea of a decentralized currency they cannot control they love the idea of a centralized currency that gives them almost total control of the economy, and I have no doubts they will try to implement this in the future.

[freedomgo]

No man can be so sure of that though. But left for me, I don't possibly think crypto will replace fiat in 10 years, as 10yrs seem too near. Matter of fact, I prefer them to continue working together as they both have their use cases.

It is better to working together side by side to help people and the country grow. People can use crypto for an alternative payment if people don't want to use fiat money to pay. As long as people can use the benefit of fiat and crypto, it will surely help them solve their finances. In the next 10 years, I hope that crypto can become global and most countries can accept crypto as the other payment system and coexist with fiat in the finances section.

Fiat and crypto should not compete but rather co exist in the payment system. It can give more advantage on part of the users and consumers since they are free to choose which one will be more convenient for them. But for now, i think the government is not considering it. They are even making strict restrictions on crypto seeing that it can be a big threat to fiat. And knowing crypto has been indirectly involved from different scamming activities, then it will surely create space between the government and crypto.