Yes, Crypto will become the primary currency in use. The only problem is when will it happen.
Before answering when and why questions. Let's look back to the human history. Tribes fight each other to become bigger tribes, then they became small kingdoms. Conflicts, wars and negotiations from time to time helped the world to become more integrated.
US Dollar could hardly be called a global currency when it was invented, gold was.
Gold is shiny, easy to decorate things, perfect to use in industries, hard to find, and most of all, it is irreplaceable.
However, it is also heavy, hard to trade in large quantities.
Then, US dollar became its representative due to the power behind it.
History repeats itself all the time.
Now it’s a turning point for Cypto currencies.
There are far too many kinds, first of all, conflicts are necessary to determine which one represents all value.
Secondly, they must be legalised, which in other words, to be acknowledged by everyone. There are countries admitting Bitcoin’s lawful position, but currently it’s not enough.
Thirdly, crypto currencies could be a threat to current currencies. If everyone is changing their local currency into crypto, the economy will collapse.
The only way to solve this problem is to recall all crypto currencies, find a sole one, then distribute them accordingly to their wealth.
Yes, Crypto will become the primary currency in use, and may become the only currency in use, only when the whole world is ruled by one government.
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