I agree with you mate. The fact is that we are talking about something at a time that we have a hard time imagining being true.

When Neil Armstrong conquered the moon, a very small percentage of people believed in it, even in this age of civilization, people still talk about them.

Friends we all say that Bitcoin is digital gold and sometimes even say BTC is better than Gold.

The funny thing is when we say U.S. dollar is backed by Gold, our feelings are not hurt. But when we want to say that it is going to happen very soon that the U.S. dollar could be backed by BTC in the future., then our feelings become steep.

The owner of such a significant number of bitcoins clearly has motives to claim that BTC will cost $250k or more.

Of all the public people (like bankers, investors and other bigwigs from the traditional financial system) talking about bitcoin, Tim Draper is the one I liked the most because of his positive attitude towards bitcoin. But the statement about the US Government's shift to Bitcoin now sounds to me like too hasty and loud a statement. What evidence is there for this?

To begin with, at a minimum, in order for people to abandon the dollar and begin to use bitcoin at the official level as a means of payment, it will be necessary to adjust the legislation, since only the dollar is legal tender in the United States (or national currency in any other country).

This looks to me like another blowing up of the topic by blinded BTC-fanatics who overestimate the capabilities of this asset and are completely unwilling to look at what is happening through the prism of sanity.

Saying Bitcoin will replace fiat currencies is like back when Ethereum was supposed to be "the world computer" hahaha


It's taking a thing to its ideological extreme. A thing that is simply not going to happen.


Ethereum, so far, ended up being a network for crypto apps that are mostly useless because they all use their own centralized token, and NFTs that so far have been utterly useless because instead of using NFTs for useful things its all just digital pictures that you can copy/paste lol

Bitcoin, maybe in some far distant future where the current nations and their currencies have all collapsed and Bitcoin is only obvious option, maybe then it replaces fiat currencies like the dollar. But as long as there are government to ensure their own currency is the unit of account for their economies, Bitcoin ain't replacing anything. It'll be a great alternative for society, but its not a replacement.

The concept behind Bitcoin was to make a currency that didn't rely on governments or central banks.  Governments probably aren't too thrilled about something they can't control that could undermine their power and  a currency that cant be messed with or shut down and can't fund politicians' pet projects? I bet that freaks them out a bit! 

Could Bitcoin totally replace the dollar? That's a long shot.  Governments arent just gonna hand over the keys to the castle.  They'll hold on tight to power as long as they can.  Still, maybe someday a decentralized currency like Bitcoin will be too big for them to stop.

Who knows!