More and more countries are using Blockchain technology to generate digital versions of their currency. The Singapore Dollar will be tokenized using the Ethereum blockchain. More and more countries are tokenizing their currencies using private distributed ledgers.

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I recently had a question on one of my posts:

Will cryptocurrencies surpass real FIAT currency, e.g. USD dollars?

This was an interesting question as in my opinion it was always a no-brainer that it will. Obviously I am not an expert, but from a technological perspective, it just made sense that there is no need for paper if we can do everything electronically, on a trust less, immutable, decentralized blockchain.

I believe that as soon as the masses starts adopting crypto-currency, the financial industry and actual countries will have to step in to protect there most valuable asset, their currency. It will be a slow transformation from FIAT to Digital currencies and at the end of the day, most if not all countries should have a digital tokenized currency which are managed on a distributed ledger.

This might be a stupid question but I am going to ask it anyway.

My Question: If all currencies are tokenized and competing against Crypto Currencies will the US Dollar be able to compete with Bitcoin as Bitcoin is measured in Dollar worth. 1BTC is worth US$ X. If the US$ becomes stronger as a result of the demand for the US $ will BITCOIN become worth less?

Happy Steeming!