Cryptocurrency to replace the dollar

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PBS NewsHour full episode, Feb. 8, 2024
Will the U.S. Central Bank Digital Currency (CBDC) Replace Physical Cash? The U.S. central bank digital currency (CBDC) won't replace the U.S. dollar. Yes, according to a panel of 42 cryptocurrency executives and researchers, Bitcoin will one day replace fiat currency, with 54% of this panel. Enthusiasts expect cryptocurrency to replace fiat money; skeptics believe otherwise. It is a possibility, but many issues need to be.

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It is also being used by many in countries with severe fiat devaluation to preserve their savings, send remittances, and conduct business. Investopedia requires writers to use primary sources to support their work. For example, many Ukrainians turned to cryptocurrency after fleeing the Russian invasion in And Bitcoin and similar cryptocurrencies have privacy issues of their own.