Many skeptics have questioned the legitimacy of Bitcoin as a currency
, a renowned trader and cryptocurrency analyst, expressed his skepticism over Bitcoin replacing the U.S. dollar.
Citing his life as U.S. dollar-centric, Brandt elucidated the significance of fiat currencies in his everyday dealings. According to him, cryptocurrencies hold value as a store of wealth and as trading vehicles, however, they do not serve the same purpose as traditional currencies. These comments were made in response to another tweet by a Twitter user, Pentoshi, who commented on the aversion that cryptocurrency enthusiasts show towards traditional markets and fiat currencies.According to Pentoshi, billionaires and millionaires all over the world comfortably use fiat currency daily, contrary to the notion that fiat is a financial 'prison'.
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