Crypto is not only Bitcoin.
Whether we like it or not, stable coins are crypto currencies too.
State issued stable coins are extremely appealing now for some entities (from states to ECB). The value decided as for fiat, the institutions can take a look freely into anybody's pocket, they can blacklist the money of wrong doers (or opponents!)... just "wonderful".
Topic: Deutsche Bank said Crypto will Replace Fiat Currencies by 2030! Really Possible? - page 2. (Read 528 times)
December 15, 2019, 02:40:32 PM
December 15, 2019, 02:32:25 PM
Will by 2030 crypto be widely recognized and used? YES
Will by 2030 crypto completely replace fiat? NO
The bank lobby is just well built and 2 strong to go down in 20-odd years.
Remember, banking system is more than 2000 years old
Will by 2030 crypto completely replace fiat? NO
The bank lobby is just well built and 2 strong to go down in 20-odd years.
Remember, banking system is more than 2000 years old
December 15, 2019, 01:57:32 PM
10 years is fairly a good estimation that adoption will really make it to every people in the planet. We have been evolving since the time Internet were introduce to the people, the internet already give us more freedom that social media can now be used in political battle. Took decades to populate the www.
Blockchain will gives us more power thru cryptocurrency and digital currencies will give access to everyone on blockchain thus adoption.
But it is entirely possible that during the next decades bitcoin is going to get a lot more popular and will begin to be used by a significant portion of the population especially those that are like us and understand the risk of having a currency printed by the government with no limits to its supply.
December 13, 2019, 09:46:21 AM
I think it is not possible yet that by 2030 Crypto will replace Fiat currencies because more than 100 years system we can not change in 10 or 15 years. Though technology is more fast now-a-days but how we can ensure where we see graph of 2009 to 2019 is going low crypto market. But we can hope and see what is happening next days.
December 13, 2019, 09:04:43 AM
The news is of course very good but I believe in it with difficulty. If States allow cryptocurrency in their financial sector, they will lose influence on society. This means that with the help of cryptocurrency will be able to finance various dubious companies as well as it will give the opportunity to hide from taxes. For the full implementation of cryptocurrency in the public sector necessary laws that will regulate the actions of people and the turnover of cryptocurrency. Otherwise, anarchy and chaos await us.
December 12, 2019, 04:15:44 PM
I think it is just a matter of govt clearance and awareness and lastly ease of use that will make crypto adoption a reality and i think this will be realized around 2025 and after that the process will speed up.
December 12, 2019, 12:59:24 PM
10 years is fairly a good estimation that adoption will really make it to every people in the planet. We have been evolving since the time Internet were introduce to the people, the internet already give us more freedom that social media can now be used in political battle. Took decades to populate the www.
Blockchain will gives us more power thru cryptocurrency and digital currencies will give access to everyone on blockchain thus adoption.
December 12, 2019, 12:40:07 PM
By 2030, the demand for alternative currencies will rise, with digital currencies eventually replacing cash, according to recent research from Deutsche Bank. 
What do you think as a Crypto Expert? What are the challenges? What things should be adopted to replace fiat?
Research: https://www.dbresearch.com/PROD/RPS_EN-PROD/PROD0000000000503196/Imagine_2030.PDF
News Source: https://cointelegraph.com/news/deutsche-bank-research-crypto-to-replace-fiat-currencies-by-2030
What do you think as a Crypto Expert? What are the challenges? What things should be adopted to replace fiat?
Research: https://www.dbresearch.com/PROD/RPS_EN-PROD/PROD0000000000503196/Imagine_2030.PDF
News Source: https://cointelegraph.com/news/deutsche-bank-research-crypto-to-replace-fiat-currencies-by-2030
The big question is are all the people on this planet are educated enough about Cryptocurrency or every country on this planet are then high in technology that they can able to transact Bitcoin anywhere they are at the time they want to transact, if we are ready by then, then it's possible.
I think the people on this planet are not educated enough yet about Cryptocurrency! We all should raise awareness about the cryptos, blockchain and as well as bitcoin.
December 12, 2019, 12:38:03 PM
I am not an expert in this area, but here is my opinion: It is more like the demand for the digital currency will rise because of digitalization, a new era will bring a new system. In 2030, we are expecting a modern civilization. Virtual reality will be a common thing and because of that, we need a payment system that we can use digitally and easy to use. The real challenge for adoption is lack of knowledge from the users and complexity, cryptocurrency is not ready yet to be implemented in real life because of this.
Hope education and awareness will rise rapidly in the next years.
December 12, 2019, 11:18:10 AM
Crypto replaces fiat currency is very difficult, because the two digital currencies have different properties. Cryptocurrency has a high volatility while Fiat is a stable coin whose price follows the USD exchange rate.
Cryptocurrency may only accompany FIAT and will not be able to match Fiat or exceed it.
Cryptocurrency may only accompany FIAT and will not be able to match Fiat or exceed it.
anyway in Europe we can see that there is a pressure for the removal of physical currency in general, as banknotes can be used for money laundering. First, there had been established cash limit for all transactions, in some countries they literally stopped minting coins with least value (and there is no change given back!), now in Greece they introduced legislation making obligatory for you to make payments by card/bank transfer for at least 30% of your monthly salary.
It is very likely that there will be introduced in the next couple of years a new class of cryptocurrencies - state-issued stable coins related to the national currency.
December 12, 2019, 11:08:31 AM
Crypto replaces fiat currency is very difficult, because the two digital currencies have different properties. Cryptocurrency has a high volatility while Fiat is a stable coin whose price follows the USD exchange rate.
Cryptocurrency may only accompany FIAT and will not be able to match Fiat or exceed it.
Cryptocurrency may only accompany FIAT and will not be able to match Fiat or exceed it.
December 12, 2019, 02:45:03 AM
Everything is possible, government will take any change to take control about financial instrument and they use bank for this purposes. I'm not happy with that news because will happen in 2030 and maybe another country will try it first. I believe they use Fiat at the first time and when running in several they will change it with another " legal " financial instrument from government it self.
December 12, 2019, 02:15:34 AM
It is entirely possible, but this will depend mainly on adoption rates and a key indicator of this will be how fast Facebook's and other major brands cryptocurrency projects like Telegram catch on and this probably won't occur overnight so its still a little too early to predict anything like this happening for certainty
December 11, 2019, 02:32:04 PM
Most people in crypto wants this statement to be true and don't want to wait until 2030. But to acheive that status, crypto needs to cross lots and lots of hurdles. Its not going to be an easy task.
December 11, 2019, 02:29:40 PM
Cool to see that the second largest europe bank comes with this prediction. But what´s their solution? New digital coin created by Deutsche bank? Something like China created, hope that not. No more centralized stable coins controlled by goverment (big company)!
December 11, 2019, 02:16:05 PM
Fiat currencies are not good for global economy, thanks to internet we live in a global world, more and more people do not care about borders, they are travelling, shopping around the world, but they use money that are not global, not suitable for today´s world.
Are cryptocurrencies good for global world? Maybe.
Are cryptocurrencies good for global world? Maybe.
December 11, 2019, 02:09:56 PM
When I see some topic like this one is, I remember how unique this forum actually is! Believe it, or not, on this forum people talked about fiat replacing fiat before 2015! I'm here from that year, and I remember reading what people wrote before me, and even I commented similar topic.
Once again we have a confirmation from a huge fiat institution, some of us believed in this before Deutsche bank statement, but its nice to hear it anyway!
Once again we have a confirmation from a huge fiat institution, some of us believed in this before Deutsche bank statement, but its nice to hear it anyway!
December 11, 2019, 01:53:09 PM
By 2030, the demand for alternative currencies will rise, with digital currencies eventually replacing cash, according to recent research from Deutsche Bank.
What do you think as a Crypto Expert? What are the challenges? What things should be adopted to replace fiat?
Research: https://www.dbresearch.com/PROD/RPS_EN-PROD/PROD0000000000503196/Imagine_2030.PDF
News Source: https://cointelegraph.com/news/deutsche-bank-research-crypto-to-replace-fiat-currencies-by-2030
This is not your fault but the title that they choose for that article is completely clickbait because that is not what the article says, the article is just stating that digital currencies are going to take over the world but at no point it says that they are going to replace fiat currencies, fiat currencies are still going to be in place and it is completely possible that governments are going to choose to create their own cryptocurrencies that are centralized.What do you think as a Crypto Expert? What are the challenges? What things should be adopted to replace fiat?
Research: https://www.dbresearch.com/PROD/RPS_EN-PROD/PROD0000000000503196/Imagine_2030.PDF
News Source: https://cointelegraph.com/news/deutsche-bank-research-crypto-to-replace-fiat-currencies-by-2030
So decentralized currencies are not going to really replace anything at least according to this prediction, but it doesn't matter we know that a cryptocurrency like bitcoin is going to become a success regardless of what any government thinks.
December 11, 2019, 01:06:49 PM
if seen from the development of crypto today, it might happen. because some countries have begun to show interest. and only a matter of time for other countries to follow. from the very beginning if the government wasn't too afraid of crypto, maybe crypto replacing Fiat would happen faster.
December 11, 2019, 09:39:38 AM
I have come across the news and i feel this is another good news over cryptocurrency and the ecosystem, even this can take effect in the long run but it is still refreshing to know the direction crypto is going in the near future, unlike what some critics will be saying about crypto coming to an end whenever there is a small dip in price. This means the future of crypto is bright after all.
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