Will digital currencies overtake the dollar? | Fintech guru explains
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Watch Cointelegraph Video: Will digital currencies overtake the dollar? | Fintech guru explains. Fintech guru and author David Birch argues that the dollar’s dominance on global finance will be soon challenged by the rise of private and state-owned digital currencies.
0:00 - Intro
1:14 - Why may the U.S. dollar lose its dominance?
3:12 - How are private and state-controlled digital currencies going to coexist?
5:54 - Why would governments willingly give up their monopoly on money?
7:40 - What role could Bitcoin play in this future scenario?
10:53 - Why should money be under 'democratic control?'
14:05 - Does the U.S. need to offer privacy in order to win the currency war with China?
17:23 - Outro
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