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

Written by karenshidlo | Published 2022/12/01
Tech Story Tags: cryptocurrency | crypto | crypto-adoption | cryptocurrency-investment | finance | cryptocurrency-top-story | cryptocurrency-exchange | governance

TLDRThe 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.via the TL;DR App

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Written by karenshidlo | Digital Marketing Native, Blockchain Babe, NFT Nerd, Web3 Content Creator
Published by HackerNoon on 2022/12/01