Bank of England's chief economist said Bitcoin could replace cash in 20 years

It took Bitcoin an 85% crash followed by a 135% recovery to convince a prominent financial expert about its underlying potential. Andrew G Haldane, the chief economist of the Bank of England, said Bitcoin is on its way to replace cash, according to an eyewitness’s account.



The 51-year academic was asked about his thoughts on the future of cryptocurrencies. Haldane replied that he believed Bitcoin, in particular, would become as relevant as cash in the next 20-30 years. “Mr. Haldane said it [Bitcoin] could replace cash, he even joked about us likely having Bitcoin in our wallets” the witness shared on Reddit “He said he didn’t think it’d replace cash tomorrow, but he was quite open to the idea 20 or 30 years down the line."