Would Cryptocurency replace the USDollar as the major means of International Value Exchange Settlement : Why?

in steem •  18 days ago

View this answer on Musing.io

I don't think so that it is possible in next few years or so.

There are still many issues to be sorted out before its world wild acceptability. Some concerns are:

Crypto currencies are highly unpredictable/ volatile.

A crypto market is not regulated by some regularity authority so there is no one to safeguard the interest of small investors.

As some large selling and buying is observed or some news is broke, crypto market reacts very fast.  

Decentralized technology is still new to the world. Its market penetration and adoption is still negligible.

So in future a more countries will jump into it and it will gain more trust of people. Its value will also increase but not sure that it will be so popular to replace the fiat currency in near future.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Congratulations @zaicha! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You received more than 250 as payout for your posts. Your next target is to reach a total payout of 500

Click here to view your Board
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

You can upvote this notification to help all Steem users. Learn how here!