
Crypto Will Take Over The Dollar | Ponder On This
- Kashif Warren
- Apr 12
- 2 min read
We all have heard so much about crypto and blockchain, Defi etc. I know there is a lot surrounding this topic and enormous change in the way we exchange something for goods. I believe that not only Crypto, but Decentralization will be Americas primary way of currency. I think that in the future, United States will have its own Decentralized market. Like how the worlds currencies are traded on the Forex. United states will have its own just like forex, except with less restrictions, fees and more security from banks. Foer an example: USD/JPY pair. This would be BTC/ADA (Bitcoin and Cardano Pair). The crypto will be the new countries' currencies. There won't be just one currency anymore.
I want to keep this a short read, so I won't go on for much longer here. Money (dollar) is primarily based off of trust. Trust that the asset that is the dollar, will hold its Trade of value for exchange of services, goods and other needs. Without trust and backing of any currency, there is no value. There has to be a universal agreement and trust in a "currency" A promise that if you trade this amount of money for this asset (food, utilities, electronics etc.) It will be honored and completed. The CEOs and owners of these crypto currencies and blockchains are like the Fed Reserve in a since but with more power and freedom available to the people. It's a completely new way of Currency. We are witnessing aa new way of Currency like how people a long time ago first witnessed money and gold.
I can also see Crypto Currency completely replacing the dollar and doing a reset. (Remember Black Wallstreet.)
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