I do not believe so, because the ultimate underlying motive for 99.9% of people buying cryptocurrencies is to resell them into non-crypto for a profit. Despite cryptocurrencies becoming increasingly …Read MoreI do not believe so, because the ultimate underlying motive for 99.9% of people buying cryptocurrencies is to resell them into non-crypto for a profit. Despite cryptocurrencies becoming increasingly popular, using them to purchase goods is rarely an option. In order for cryptocurrencies to fully replace traditional currencies, people need to view them as an actual currency and not a “get-rich-quick stock” to short. While currencies like Bitcoin have been hitting all-time highs recently, the mindset shift has not happened, and I don’t see it happening in the future.
However, ultimately, I am not super knowledgeable on the subject. I look forward to seeing other comments from people who may be a little more informed about crypto. Read Less
Crypto will definitely take over traditional currency. I’m based in Las Vegas, and I’ve seen many signs in the last two years offering crypto payments, though mostly in high-end shops. Obviously, …Read MoreCrypto will definitely take over traditional currency. I’m based in Las Vegas, and I’ve seen many signs in the last two years offering crypto payments, though mostly in high-end shops. Obviously, I only saw these signs while drooling at window displays, filled with garments I couldn’t afford.Read Less
I believe it will at some point, though I do not believe it will be anytime soon. Currency has always changed throughout history, especially with newer inventions. Its crazy to think that now days we …Read MoreI believe it will at some point, though I do not believe it will be anytime soon. Currency has always changed throughout history, especially with newer inventions. Its crazy to think that now days we can have our phones act as credit cards, when they were only invented less than 100 years ago. And before that people only used paper money or checks. Things have changed to more digital and I believe it will continue to change. The only reason I do not believe it will happen soon is because crypto is currently on the more expensive side, can be confusing, and there is so many different types.Read Less
I believe it is very unlikely that cryptocurrencies will fully replace traditional currency, but I think they may coexist or become more integrated together in our financial systems. I do not think …Read MoreI believe it is very unlikely that cryptocurrencies will fully replace traditional currency, but I think they may coexist or become more integrated together in our financial systems. I do not think that crypto will replace our traditional currency. I think crypto might change the way we think about money, due to how cryptocurrencies are highly volatile which makes them risky for daily usage.Read Less
I am unsure of what the future of crypto is, to be honest. While Bitcoin in now a $100,000+ dollar stock, you still dont see any signs of an impending mass adoption of crypto. For example I cant just …Read MoreI am unsure of what the future of crypto is, to be honest. While Bitcoin in now a $100,000+ dollar stock, you still dont see any signs of an impending mass adoption of crypto. For example I cant just walk into Walmart and buy groceries with Bitcoin. This is a really interesting topic, where on one hand, crypto has exploded in relevance and value, yet there have not been any signs of mass adoption.Read Less
I think it will become increasingly popular and government officials may try to replace cash, however, I don’t think it will be widely accepted by the people and small businesses.
Sure, eventually… but I think that a lot of unlikely things to happen in the near future are going to happen *eventually.* Currently, things like Bitcoin, while extremely profitable for a select( …Read MoreSure, eventually… but I think that a lot of unlikely things to happen in the near future are going to happen *eventually.* Currently, things like Bitcoin, while extremely profitable for a select few (like most things are) is known for being a very volatile form of currency, more so than the dollar. If that changes, I can see cryptocurrency becoming more popular. I also think that while the USA remains a global superpower, its unlikely it will replace debit cards and Apple Pay. All things considered, we have a pretty non-cosmopolitan population and certainly do not have the government mobilization capacities to put that kind of tech/education into people’s hands (unlike other countries). So I don’t think we will see a super strong swing in that direction for a while.Read Less
I do not believe so, because the ultimate underlying motive for 99.9% of people buying cryptocurrencies is to resell them into non-crypto for a profit. Despite cryptocurrencies becoming increasingly …Read MoreI do not believe so, because the ultimate underlying motive for 99.9% of people buying cryptocurrencies is to resell them into non-crypto for a profit. Despite cryptocurrencies becoming increasingly popular, using them to purchase goods is rarely an option. In order for cryptocurrencies to fully replace traditional currencies, people need to view them as an actual currency and not a “get-rich-quick stock” to short. While currencies like Bitcoin have been hitting all-time highs recently, the mindset shift has not happened, and I don’t see it happening in the future.
However, ultimately, I am not super knowledgeable on the subject. I look forward to seeing other comments from people who may be a little more informed about crypto. Read Less
Crypto will definitely take over traditional currency. I’m based in Las Vegas, and I’ve seen many signs in the last two years offering crypto payments, though mostly in high-end shops. Obviously, …Read MoreCrypto will definitely take over traditional currency. I’m based in Las Vegas, and I’ve seen many signs in the last two years offering crypto payments, though mostly in high-end shops. Obviously, I only saw these signs while drooling at window displays, filled with garments I couldn’t afford. Read Less
I believe it will at some point, though I do not believe it will be anytime soon. Currency has always changed throughout history, especially with newer inventions. Its crazy to think that now days we …Read MoreI believe it will at some point, though I do not believe it will be anytime soon. Currency has always changed throughout history, especially with newer inventions. Its crazy to think that now days we can have our phones act as credit cards, when they were only invented less than 100 years ago. And before that people only used paper money or checks. Things have changed to more digital and I believe it will continue to change. The only reason I do not believe it will happen soon is because crypto is currently on the more expensive side, can be confusing, and there is so many different types. Read Less
I believe it is very unlikely that cryptocurrencies will fully replace traditional currency, but I think they may coexist or become more integrated together in our financial systems. I do not think …Read MoreI believe it is very unlikely that cryptocurrencies will fully replace traditional currency, but I think they may coexist or become more integrated together in our financial systems. I do not think that crypto will replace our traditional currency. I think crypto might change the way we think about money, due to how cryptocurrencies are highly volatile which makes them risky for daily usage. Read Less
I am unsure of what the future of crypto is, to be honest. While Bitcoin in now a $100,000+ dollar stock, you still dont see any signs of an impending mass adoption of crypto. For example I cant just …Read MoreI am unsure of what the future of crypto is, to be honest. While Bitcoin in now a $100,000+ dollar stock, you still dont see any signs of an impending mass adoption of crypto. For example I cant just walk into Walmart and buy groceries with Bitcoin. This is a really interesting topic, where on one hand, crypto has exploded in relevance and value, yet there have not been any signs of mass adoption. Read Less
Not unless we live in a tech billionaire hellscape, which is looking increasingly likely unfortunately.
I think it will become increasingly popular and government officials may try to replace cash, however, I don’t think it will be widely accepted by the people and small businesses.
Sure, eventually… but I think that a lot of unlikely things to happen in the near future are going to happen *eventually.* Currently, things like Bitcoin, while extremely profitable for a select( …Read MoreSure, eventually… but I think that a lot of unlikely things to happen in the near future are going to happen *eventually.* Currently, things like Bitcoin, while extremely profitable for a select few (like most things are) is known for being a very volatile form of currency, more so than the dollar. If that changes, I can see cryptocurrency becoming more popular. I also think that while the USA remains a global superpower, its unlikely it will replace debit cards and Apple Pay. All things considered, we have a pretty non-cosmopolitan population and certainly do not have the government mobilization capacities to put that kind of tech/education into people’s hands (unlike other countries). So I don’t think we will see a super strong swing in that direction for a while. Read Less