Hi guyz ,today i have a question is "bitcoin ever replace us money supply" if i said this is possible but it takes too much time and it is compulsory bitcoin get his position in world's every country economy. Zurich based investment bank and financial service company Union Bank of Switzerland (UBS) said that the bitcoin price must nearly $ 2,13,000 to replace US money supply and i think, it is possible not now but one day because in coming days digital world expend more from now like a virus.
"A senior researcher at the International Computer Science Institute, Nicholas Weaver, told Bloomberg that digital currency is “not actually usable” as a form of payment, citing high transaction fees as the main reason". Yes he is right btc and some other crypto have high transaction fees but still many other Alt coins has low transaction fees available in cryptomarket.
While the UBS report states that the BTC network’s processing efficacy must significantly improve in order to be an effective form of payment, some BTC evangelists believe that the leading digital currency will become the world’s single payment method.
In March, the CEO of both Twitter and payment service Square, Jack Dorsey, said that he sees BTC as the world’s single future currency, the emergence of which will take “probably over ten years, but it could go faster.”
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