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Definitely not. I still find it hard to imagine that it would rule over the fiat system. I believe the cryptocurrency will go a long way but I don't think it could replace the fiat currency.
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No, that wasn't the purpose of the existence of Bitcoin. Bitcoin is born as digital money for technology inclined individuals.
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No but I believe in the end it will phase it off if we are truly keen in understanding how it works, and if we actually use it, bitcoin has been faught or the whole crypto workd has been marked by the traditional banks ,so much so that they want everything to be as clear , they will form regulations to stop it before it even sails
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Unregistered (2 )
No this was created on the back of trying to eliminate the control that comes with the central government, just giving people their power back from the banks but the banks are never to be left , they tried to really understand what happened and what are the real issues that can help you gain on anything so its important to allow so many other things that works well for you the backs just want control
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Njoki (08-15-2020)
Well, it's not that easy to paralyze the government by just a simple currency, but many of the countries treat Bitcoin as a threat as it really affects the economy of a certain government. It's the reason some countries do not accept Bitcoin nor legalize it.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Unregistered (2 )