Crypto experts see Bitcoin replacing fiat money in 20 years
In a new survey, a number of cryptocurrency and fintech professionals expected a “hyperbitcoinization” to take place by 2040.
Bitcoin’s (BTC) current price slump has failed to dampen some experts’ optimism regarding the world’s biggest cryptocurrency.
In a new survey by personal finance comparison platform Finder.com, half of the respondents believe Bitcoin will surpass fiat money, or central bank-issued currencies, by 2040.
Finder.com says the report is based on a panel of 42 cryptocurrency experts — it shows that Bitcoin’s price crash from April’s all-time high didn’t impact the long-term perspective of crypto professionals.
The survey reveals that 50% of the respondents expect to see the moment that Bitcoin overtakes global finance, also known as hyperbitcoinization, within the next 20 years. One-third of participants believe the event will occur before 2035, while 44% predict that Bitcoin will never become the dominant form of global finance.