If bitcoin fails, cryptocurrency in bad time. We are all in danger to lose what we have worked so hard for," bitcoin is the only currency that can replace fiat currency if Bitcoin fails.
He believes that the Bitcoin economy now has a significant growth and that the Bitcoin could take the country over the next few years.
"The future of cryptocurrency is in the future," he said.
Ethereum is also a digital currency that could replace fiat as well and that is growing fast, as the number of transactions is increasing by orders of magnitude. With the growing momentum of ETC, its price is growing as well and is growing fast due to the demand and acceptance of Bitcoin. Therefore he believes that ETC is the best alternative to Bitcoin and is the only one that will not lose its currency value.
"It is time for us to see bitcoin and other cryptocurrencies as currency systems for other purposes," he said.
In regards to the situation of the cryptocurrency market, Nachbaur believes that cryptocurrency is going to be one of the top three markets by 2025.
