Crypto Will Never Replace a Major Currency (and It Doesn’t Need To)by@karenshidlo
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Crypto Will Never Replace a Major Currency (and It Doesn’t Need To)

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The CMO at Fiat24 has published an opinion on whether Bitcoin and other cryptocurrencies will ever replace the U.S. dollar. He says it will never replace a major currency, nor will it need to in order to be widely successful. He argues that it will always be a useful means of exchange, unit of account, and store of value. The author believes that a global switch to bitcoin would cause the mother of all financial crises, destabilizing not only conventional markets but crypto markets, too.

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