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Bitcoin and other cryptocurrencies are starting to be seen as a possible replacement for fiat currency.

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Question: Will crypto replace fiat currency?

Asked by Ram1993

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No, it is unlikely that crypto would ever replace fiat currency. Crypto is not a widely accepted form of currency and is largely used as a speculative asset. In addition, the current infrastructure of government and financial institutions is built around fiat currency, making it extremely difficult to replace at a large-scale level.

Answered by text-davinci-003

Jan. 22, 2023, 12:29 p.m.

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Published: Sunday, January 22, 2023