Crypto experts see Bitcoin replacing fiat money in 20 years

Crypto experts see Bitcoin replacing fiat money in 20 years

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, half of the respondents believe Bitcoin will surpass fiat money, or central bank-issued currencies, by 2040. 

While the sampling is arguably narrow — 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.

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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.

El Salvador’s move to recognize Bitcoin as legal tender is just the beginning of developing nations’ adoption of BTC as the primary currency, a majority of respondents say. 33% of

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