Can Crypto Replace The Dollar In Five Years? Bankers Say It Could
Crypto adoption is no longer something that is expected to happen. It is already happening. A recent survey from Deloitte has shown some interesting findings. The survey polled professionals from various finance fields about crypto and blockchains. The majority of the polled respondents answered in favor of crypto and blockchain adoption. The latest market rally […]
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Billionaire Stanley Druckenmiller thinks some kind of crypto-derived ledger system may replace the U.S. dollar as the world’s reserve currency in the future. Billionaire hedge fund manager Stanley Druckenmiller has forecast the possibility of a crypto-derived ledger system overtaking the U.S. dollar as a global reserve currency. The hedge fund boss noted that if there were to be a U.S. dollar replacement it “would be some kind of ledger system invented by some kids from MIT or Stanford or some other engineering school that hasn't even happened yet, that can replace the dollar worldwide.”....
The heated debate in the Bitcoin community throughout the past months not only concerns the block size dispute. Another technical change at the center of conflict is replace-by-fee, a version of which was included in the latest release of Bitcoin Core – while the next version of Bitcoin Classic will have no replace-by-fee at all. An often-heard criticism against replace-by-fee is that it creates new problems while it doesn't really solve any existing ones. But that criticism is questionable. What is replace-by-fee? Replace-by-fee is a mempool policy. Mempools are collections of unconfirmed....
As many experts around the world agree that the dollar’s dominance won’t last forever the CEO of Coinbase, Brian Armstrong, believes bitcoin will “surpass” it as a global reserve currency “within 10-15 years.” As a former Wall Street banker and economics major in school, I have studied and accepted as fact that the U.S. Dollar’s days as the global reserve currency are numbered. It could be replaced 3 years from now, or 5 years, or 10 years from now. It will happen, in my opinion, the only question is when, not if, it does. I could be wrong, but don’t just take my word for it. Peter Schiff,....
Having spent many years in New York working for one of the financial sector's "Big 6" banking corporations, I feel qualified to look at the financial ramifications that the emergence of Bitcoin will have on the future of money in America, if not worldwide. Having left that ethically-bankrupt den of thieves behind was difficult financially, but empowering spiritually. From orchestrating the run on the banks in 1906-1907 to destroy small business competition, to the drafting & creation of the Federal Reserve Act, which was written by bankers, for bankers, in seclusion on Georgia's Jekyll....
Wyre CEO Michael Dunworth has stated that he believes Bitcoin “will replace gold” and the USD as the global reserve currency within 20 years. The chief of the Silicon Valley transfer provider made the comments as part of an interview with InvestorDaily. Among other surprises, Dunworth said that Bitcoin had “superior value” to gold and lacked only market penetration at the current time. Better store of value. “[Bitcoin] will replace gold, and internationally it will replace the USD as the global reserve currency – 20 years or so from now that is,” he told the publication. “Bitcoin has a....