Will Crypto can replace Fiat...?

[Ahtisham Tahir]

As we know Cryptocurrency is getting fame in the world. Bitcoin becomes the most expensive currency. Nowadays, a lot of countries have legalized the trading of cryptocurrencies and also they are making mining machines for the improvement of the economy of the country.
The Crypto market gains trillions of market cap and it is increasing day by day.
Global payments have added the methods of cryptocurrency.
Most of the online stores also have started payment through Crypto.


After all of that discussion, my question is that will Crypto be able to hold on to the whole world...?
Will Cryptocurrency will replace Fiat currency.
Will Crypto have enough power in the future to become an alternate of fiat...?

What would you say about that...?

 

[Alexandoy]

First things first, you have to compare the fiat with crypto coin. The big difference is the control of the government. Would you like your money to be controlled by private companies or by the whales? That is silly. Fiat is legal tender which means the government is backing up the money no matter what happens. With crypto, what will you do if the exchange centers would not deal with your coin? Oh well. You should understand that crypto is a commodity or a merchandise that has value in the market simply because there are traders. But unlike stocks which are based on teh real corporation, crypto has no foundation at all. Fiat is the pecuniary measure for the prices of goods and services. Anything you buy in the market is using the value of money.

 

[Deleted member 28127]

If the supermarket and also organizations like CNSS or CNRPS are accepting crypto for payment or even to pay the tax imposed by law or when you have penality for commit some errors you pay with crypto or at coffee in this stade we could assume yes cryptocurrency will replace fiat.