Bitcoin will eventually replace the U.S. dollar and all other fiat currencies. When this will happen, nobody knows. However, a recent UBS study concludes that for Bitcoin to replace the U.S. currency, it has to reach a value of about $213,000 USD. Money and Traditional Banking Systems Are Obsolete Fiat money and traditional banking are a three-thousand-year-old concept and technology, which cannot efficiently support today’s economic model. Therefore, they have to be replaced by aRead MoreThe post UBS: Bitcoin Can Replace Fiat Money When It Hits $213,000 appeared first on Bitcoinist.com. For Further Information Click on Below Button