Will Bitcoin Replace the U.S Dollar?
The value of the most popular digital currency Bitcoin is currently settling around $36000 however, by the last month of 2020 its strength has grown to $40,000. Now, here is a matter of fact that needs to be considered sternly.
Though Bitcoin and all other currencies are not dollar substitutes the price of Bitcoin has dramatically jumped almost eight-fold now.
Nevertheless, the fluctuation between the value of Bitcoin and other cryptocurrencies is seriously challenging the government-made money, especially the dollar.
So consequently looking over this serious concern experts are suggesting the value of Bitcoin and other currencies should be fixed by the authorities and their supply should likely be able to grow as economies grow.