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RE: Top Two Reasons Why Bitcoin Can't Replace Fiat Currencies ...
A very interesting article! Bitcoin cannot replace FIAT in the long term. It doesn't necessarily have to be bitcoin either, there are many other good ideas maybe even better ones. We are still very much at the beginning with the whole thing, in the middle of 2017 there was a real crypto hype and that was just the beginning. In the future we could have other possibilities thanks to the Blockchain technology. The Blockchain technology will be integrated more and more into our everyday life in the future. Maybe in the future, banks will only be service facilities where you can buy insurance. I look forward to the future.
@ cryptodiga exactly and well said. Like Jack Ma (Alibaba)said,"I personally do't know about the future of bitcoin but the blockchain technology is amazing and has bright future."
I agree. too many investors are hoarding, so it can be used a store of wealth not spending. Gold and silver are similar, until you can peg it to the dollar, or RMB etc.... Not to mention, it is still speculation. I am for having a crypto, that is backed by gold or silver, but precious metals that are already mined, not will be, so there is an existing tangible value.