It is obvious that the whole world is changing and moving toward a major change in the way we do things including transactions and money, the fiat is losing it viability that is why governments are trying to find a solution some are thinking of cryptocurrency and a lot of people think that bitcoin is going to be used in that situation, but it is not, not because its is not good or people won't use it, its because governments won't be able to control it and they won't be able to monitor transactions, that is why they will be trying to create their own crypto and force people to use it.
I think it could not replace fiat. There is a main currency in each countries worldwide we all know that. It is more possible to happen if bitcoin will be accepted as on of the currency , like in US they recognize pound , sgd, yen and so on. Yes, in the near future digital currency will be the trend but I think countries will not agree if it will be replace by crypto or btc. 
Topic: In the next decade, BTC and digital currencies will “fully” replace fiat? - page 6. (Read 953 times)
December 06, 2019, 11:06:20 AM
December 06, 2019, 10:40:57 AM
Ten years is not enough for bitcoin and altcoins to replace fiat currency. There are many requirements that must be fulfilled before this can happen.
And I don't know where this Deutsche Bank Research made thier prediction. And this reasearch doesn't think about people who are ignorant of bitcoin / altcoins and how these people would accept bitcoin.
And I don't know where this Deutsche Bank Research made thier prediction. And this reasearch doesn't think about people who are ignorant of bitcoin / altcoins and how these people would accept bitcoin.
I do agree with that. 10 years is quite short to have crypto in the mainstream market. Up until now, crypto users are still very low in number as compared to the global population. And considering that we already celebrated the 10th anniv of bitcoin. Though the adoption is growing fast, yet there are still remote areas that up until now are not influenced by advance technology, so how much more with crypto usage? Fiat would still be the main currency worlwide, ten years from now. Just my thoughts here.
December 06, 2019, 10:25:28 AM
I think by 2030 there will definitely be changes in the ratio of fiat and cryptocurrencies, but not before this time.
December 06, 2019, 10:28:44 AM
Ten years is not enough for bitcoin and altcoins to replace fiat currency. There are many requirements that must be fulfilled before this can happen.
And I don't know where this Deutsche Bank Research made thier prediction. And this reasearch doesn't think about people who are ignorant of bitcoin / altcoins and how these people would accept bitcoin.
And I don't know where this Deutsche Bank Research made thier prediction. And this reasearch doesn't think about people who are ignorant of bitcoin / altcoins and how these people would accept bitcoin.
I do agree with that. 10 years is quite short to have crypto in the mainstream market. Up until now, crypto users are still very low in number as compared to the global population. And considering that we already celebrated the 10th anniv of bitcoin. Though the adoption is growing fast, yet there are still remote areas that up until now are not influenced by advance technology, so how much more with crypto usage? Fiat would still be the main currency worlwide, ten years from now. Just my thoughts here.
December 06, 2019, 10:23:13 AM
It is obvious that the whole world is changing and moving toward a major change in the way we do things including transactions and money, the fiat is losing it viability that is why governments are trying to find a solution some are thinking of cryptocurrency and a lot of people think that bitcoin is going to be used in that situation, but it is not, not because its is not good or people won't use it, its because governments won't be able to control it and they won't be able to monitor transactions, that is why they will be trying to create their own crypto and force people to use it.
December 06, 2019, 10:05:11 AM
Ten years is not enough for bitcoin and altcoins to replace fiat currency. There are many requirements that must be fulfilled before this can happen.
And I don't know where this Deutsche Bank Research made thier prediction. And this reasearch doesn't think about people who are ignorant of bitcoin / altcoins and how these people would accept bitcoin.
And I don't know where this Deutsche Bank Research made thier prediction. And this reasearch doesn't think about people who are ignorant of bitcoin / altcoins and how these people would accept bitcoin.
December 06, 2019, 08:23:55 AM
In a new report predicting the decade of the 2020-2030s by Deutsche Bank Research, the bank says that the adoption of digital currencies is inevitable. Governments need to catch up or the backlash against fiat currencies will be too great to handle.
Deutsche Bank Research is posting its predictions for the next decade, which cryptocurrencies are expected to be a cornerstone of the economy in the world ahead of us. In a shocking admission, Deutsche Bank Research tells its readers that governments have to adapt to this inevitable reality or risk falling behind entirely.
Source link here
Okay, so this is another prediction stuff. So many individuals, companies and institutions are predicting on what is going to happen with Bitcoin and other cryptocurrencies.
Earlier, Bloomberg predicts that Bitcoin will reach $10k soon. Now, Deutsche Bank claims that within the next decade, it will be the real era of digital currencies.
It means that fiat would “finally reach its end”. As for me, I think next decade would not be enough just yet for digital currencies to fully dominate, as most banks and people from around the world still prefer fiat more than Bitcoin, etc.
Yes, all of us are free to predict about Bitcoin and other cryptocurrencies. But for me, they’re just predictions. This world is unpredictable, as what I have said over and over again in my previous posts.
We don't need to be exaggerated about cryptocurrencies regulation all over the world. Instead of hoping that it would fully replace fiat in the future, we should look forward on having cryptocurrency and fiat being in harmony so that things would work it well. We can say that cryptocurrency indeed is the future but fiat has been used for a long time ever since which means it would take up a long time before crypto finally adjust in the world standard. Let us support both always so that we can gain more convenience from it. Deutsche Bank Research is posting its predictions for the next decade, which cryptocurrencies are expected to be a cornerstone of the economy in the world ahead of us. In a shocking admission, Deutsche Bank Research tells its readers that governments have to adapt to this inevitable reality or risk falling behind entirely.
Source link here
Okay, so this is another prediction stuff. So many individuals, companies and institutions are predicting on what is going to happen with Bitcoin and other cryptocurrencies.
Earlier, Bloomberg predicts that Bitcoin will reach $10k soon. Now, Deutsche Bank claims that within the next decade, it will be the real era of digital currencies.
It means that fiat would “finally reach its end”. As for me, I think next decade would not be enough just yet for digital currencies to fully dominate, as most banks and people from around the world still prefer fiat more than Bitcoin, etc.
Yes, all of us are free to predict about Bitcoin and other cryptocurrencies. But for me, they’re just predictions. This world is unpredictable, as what I have said over and over again in my previous posts.
December 06, 2019, 07:57:39 AM
Fiat worlds is has been gearing towards the end for the last couple of years. There re reports over 90% of payment are electronic payments in Scandinavian countries. However, this is still mostly centralized credit cards and payment processors. BTC and crypto is just the next evolution of that.
December 06, 2019, 07:48:12 AM
In a new report predicting the decade of the 2020-2030s by Deutsche Bank Research, the bank says that the adoption of digital currencies is inevitable. Governments need to catch up or the backlash against fiat currencies will be too great to handle.
This is a bit of a stretch. These are articles written by individual research analysts in Konzept, a magazine published by DB Research.
Regarding "inevitable," the opening editorial offers this warning:
Quote
A staggering list of incorrect ’decade-ahead’ predictions litter history. In the 1970s, some expected gold to lose all value in the era of fiat money. In the 1980s, most believed quartz watches would completely replace the mechanical sort. In the 1990s, a host of publishers rejected the Harry Potter manuscript, while in the 2000s, internet buffs said remote working would end the office.
Herein lies the trouble with most ’decade-ahead’ predictions. Either, they merely extrapolate current, well-known trends, or they are so outlandish it is impossible to see a link between now and the future.
With this challenge in mind, for this special edition of Konzept, we asked our research analysts for original ideas with plausible links to today. It took time but this Konzept contains 24 contrarian ideas for what the coming decade may hold. We fully admit that some may not eventuate but as a society, individuals, and investors, we want to be ready for the unexpected challenges of the 2020s, not the themes of the decade just gone.
Herein lies the trouble with most ’decade-ahead’ predictions. Either, they merely extrapolate current, well-known trends, or they are so outlandish it is impossible to see a link between now and the future.
With this challenge in mind, for this special edition of Konzept, we asked our research analysts for original ideas with plausible links to today. It took time but this Konzept contains 24 contrarian ideas for what the coming decade may hold. We fully admit that some may not eventuate but as a society, individuals, and investors, we want to be ready for the unexpected challenges of the 2020s, not the themes of the decade just gone.
Despite a lot of ifs, "The end of fiat money?" and "Cryptocurrencies: the 21st century cash" are good reads.
https://www.dbresearch.com/PROD/RPS_EN-PROD/PROD0000000000503196/Imagine_2030.PDF
December 06, 2019, 07:27:14 AM
In a new report predicting the decade of the 2020-2030s by Deutsche Bank Research, the bank says that the adoption of digital currencies is inevitable. Governments need to catch up or the backlash against fiat currencies will be too great to handle.
Deutsche Bank Research is posting its predictions for the next decade, which cryptocurrencies are expected to be a cornerstone of the economy in the world ahead of us. In a shocking admission, Deutsche Bank Research tells its readers that governments have to adapt to this inevitable reality or risk falling behind entirely.
Source link here
Okay, so this is another prediction stuff. So many individuals, companies and institutions are predicting on what is going to happen with Bitcoin and other cryptocurrencies.
Earlier, Bloomberg predicts that Bitcoin will reach $10k soon. Now, Deutsche Bank claims that within the next decade, it will be the real era of digital currencies.
It means that fiat would “finally reach its end”. As for me, I think next decade would not be enough just yet for digital currencies to fully dominate, as most banks and people from around the world still prefer fiat more than Bitcoin, etc.
Yes, all of us are free to predict about Bitcoin and other cryptocurrencies. But for me, they’re just predictions. This world is unpredictable, as what I have said over and over again in my previous posts.
Deutsche Bank Research is posting its predictions for the next decade, which cryptocurrencies are expected to be a cornerstone of the economy in the world ahead of us. In a shocking admission, Deutsche Bank Research tells its readers that governments have to adapt to this inevitable reality or risk falling behind entirely.
Source link here
Okay, so this is another prediction stuff. So many individuals, companies and institutions are predicting on what is going to happen with Bitcoin and other cryptocurrencies.
Earlier, Bloomberg predicts that Bitcoin will reach $10k soon. Now, Deutsche Bank claims that within the next decade, it will be the real era of digital currencies.
It means that fiat would “finally reach its end”. As for me, I think next decade would not be enough just yet for digital currencies to fully dominate, as most banks and people from around the world still prefer fiat more than Bitcoin, etc.
Yes, all of us are free to predict about Bitcoin and other cryptocurrencies. But for me, they’re just predictions. This world is unpredictable, as what I have said over and over again in my previous posts.
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