You are viewing a single comment's thread from:
RE: Singapore Dollar soon to join the blockchain as a digital token
Tough questions to answer.
When fiat currencies start to collapse, there will be a huge rush to switch to crypto.
A lot of people are going to lose their asses as they jump into something they don't understand.
You're starting to see it already, look at the number of posts here comparing Ripple to Bitcoin to Ethereum to Stellar Lumens, etc without looking at their underlying purposes.
All they see is price, denominated in USD.
Indeed a tough question to answer. I was thinking the same thing, that is that people don't understand crypto, so when Fiat start to collapse my opinion is that most people's logical next step will be to go for the digital version of the dollar.