Will bitcoin replace the dollar,,,?

Will Petcoin replace the dollar?

A report issued by Sasco Bank predicts that the value of the digital currency "Petkwin" under President-elect Donald Trump will rise to more than $ 2,100.

KFH exceeds $ 1,000 at the beginning of the year
In a report, "Strict Expectations for 2017", published in December, Sasco Bank, an international investment bank, said the projected increase in financial spending by Trump would cause the budget deficit to increase from $ 600 billion to 1.2-1.8 trillion dollars.

This will lead to a sharp and rapid rise in growth and inflation, forcing the US Federal Reserve to accelerate the rally, as the US dollar will record new highs.

This will have a gradual impact on emerging markets, especially China, which is looking for alternatives to its US dollar-backed paper-money system, as well as its over-dependence on US monetary policy.

With the acceptance of banking systems and sovereigns in countries such as China and Russia, the digital currency will grow by three times to $ 2100 compared to the current level of $ 900.

Since the beginning of the year, the company has risen from $ 400 to $ 878.30 on Saturday, January 7, after having recorded at $ 1,100 earlier this month.

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The movement of "Petkween" against the dollar in about a year
Bitquin is a hypothetical coin designed by an anonymous person known as Satoshi Nakamoto, which is somewhat similar to known currencies such as the dollar, the euro and other currencies, but with several fundamental differences.

Most notably, Bitquin is a fully electronic currency that trades online only without a physical presence. They are different from traditional currencies with no central regulatory body behind them, but can be used as any other currency to buy online or even convert them into traditional currencies.