Will Bitcoin ever replace fiat?
Recently, the entire crypto world has been asking one question.
Will Bitcoin replace the dollar?
Will Bitcoin be a means of payment?
And against the backdrop of all this, a very bold step by the Government of El Salvador. Which accepted bitcoin as legal tender. Wall Street analysts wondered if cryptocurrency could ever replace fiat.
Will not an even larger event take place to replace conventional currency with cryptocurrency?
In our opinion, this will not happen in the near future due to the high volatility of bitcoin.
And El Salvador? you ask.
In our opinion, El Salvador is a test. A number of other countries from South Sudan to Liberia will soon join it. As well as other dollar-based economies. They are using this chance to become less dependent on the US Federal Reserve. Ecuador whose economy is also dependent on the dollar. Considering the possibility of using bitcoins.
