What do you think about transferring fiat currency into cryptocurrency? How do you see the world within 5 years. Is it 25% crypto and 75% fiat or otherwise?
How do you see this development?
Feel free to discuss
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Great question Olaf. I personally think that cryptocurrencies and CBDC’s (Central Bank Digital Currency) will replace all fiat currencies. And that CBDC’s will be the ‘new’ fiat currency because goverments can use the best of cryptocurrencies but still have control over their economies and people.
As far as for cryptocurrencies it all depents in my opinion of the people that own those crypto’s. Are they going to use those CBDC’s in daily life and sell all their crypto’s when their goverments are banning them like Turkey and China are doing at the moment or do they stay true to the concept of cryptocurrencies as for stepping out of this rigged financial system and take control of their own financial life. As long as people believe that for instance bitcoin has value it has value. No goverment can change that tought if you truly believe in that. Just my thoughts.
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