Will Bitcoin Replace the US Dollar?

Salam Nahzat
Jan 28 · 14 min read

The individual investor should act consistently as an investor and not as a speculator. — Ben Graham

There’s a mix of hype, hope and confusion about cryptocurrencies, particularly Bitcoin. Some regard Bitcoin as a medium of exchange. Others regard it as an investment and trading vehicle just like stocks. Yet there are those who are dismissive of cryptocurrencies altogether arguing that they have no place in the heavily-regulated financial sector. There’s no consensus on the importance of Bitcoin. But…