Bitcoin is on the rise again and is just above 13000$ dollar.
But the main question is Can Bitcoin Replace Dollar?
About 3 years ago today john williams gave his views on this question.
According to his statement bitcoin and crypto currency don't have the qualities to replace dollar.
He further added
Remember at that time when this question was asked to John C Williams,he was about to become the head of Federal Reserve Bank Of New York
Right now he is the head of
Federal Reserve Bank of New York
But i think he is always against bitcoin and crypto currencies all of his statements are against bitcoin and cryptocurrency.
Let's move ahead from this.
Some of the experts think that one day one of the crypto curency will replace the US dollar as world's reserve currency but they're also not sure about this.
I want to know what you people think about this.
Will any of the crypto currency ever replace dollar as world's reserve currency?.
Many experts think that it will be bitcoin which will replace dollar as the reserve currency of the world.
At the start of crypto currency boom bitcoin is the untouched leader instead of strong competition with ethereum and ripple bitcoin still is the leader so bitcoin is supposed to be the one replacing dollar.
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I doubt it will happen for only one reason because of the volatility of this asset. I read today 7 central banks will discuss and create a central digital currency.
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Yeah @chesatochi
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It will happen but it have to alot of time for this to manifest . Crypto currency is really getting appreciated everyday , this means this possible this happening is on a high side ..
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Yeah you're right it will take alot of time but there's a possibility
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