Bitcoin can replace two-thirds of the national Fiat money

Bitcoin can replace two-thirds of the national Fiat money

In an interview with CNBC, John. Christopher Giancarlo, Commissioner commodity futures (CFTC) and long-time supporter of cryptocurrencies, said that he believes that bitcoin and other cryptocurrencies is in any case not a temporary phenomenon.

I’m not sure that they ever will compete with US dollar or other major currencies around the world, but there are so many countries where there is a huge demand for functional currency…

In the world 140 countries, each of which has its own currency. Two-thirds of the national Fiat currency not worth the paper on which they are printed. I think bitcoin can solve these problems.

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