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02 March 2021

James Bullard: Bitcoin Will Never Ever Replace the Dollar | Live Bitcoin News

James Bullard: Bitcoin Will Never Ever Replace the Dollar | Live Bitcoin News


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The fact is that the Great Recession – which is when bitcoin was first introduced to the world – brought a lot of people’s confidence in standard money and institutions down, and cryptocurrency could have possibly served as the answer they were looking for.

The currency risks losing everything overnight, and as a result, many retailers have turned their backs on BTC and other forms of crypto out of fear that they will lose too much profit at once.

As it stands, things are beginning to change in the sense that we now have companies such as Uber, Tesla and General Motors that have stated they are looking into potentially accepting crypto payments in the future.

The issue is privately issued currency… You don’t want to go to a non-uniform currency where you’re walking into Starbucks and maybe you’ll pay with Ethereum, maybe you’ll pay with Ripple, maybe you’ll pay with bitcoin, maybe you’ll pay with the dollar.

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