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This means that they cannot be controlled or managed by any single entity including.
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This time, however, the effect was in the opposite direction.
Going mainstream with central bank digital currency (cbdc). Best for beginners or advanced users. My dear mate, crypto currency can't replace national currency because national currency is always the official currency of that country. It will be a lot harder i'd love to see crypto replace fiat currency. But the idea of a digital virtual currency that is the closest. Let's discuss if crypto can replace fiat, comparing btc to usd. In the current system, there are only if and when money is replaced with a crypto, it will be a new crypto backed by the government of that country. Of course, there are also some huge challenges and concerns with this scenario. However, since 2013, the cryptocurrency market has seen huge growth — growth that has been hard to ignore. Bad money drives good money out of circulation, says gresham's law, because people hoard good money and use their bad money to buy things. The most influential person in the crypto money markets with his tweets is undoubtedly elon musk! Cryptocurrency is not currency, and it will never get more than a few percent of total investments or total money supply. But fidelity digital assets has an answer to that one why bitcoin?
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This could cut costs for businesses and help out consumers.
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