The short answer is most likely no, at least not in the near future. Despite the relative “success” of Bitcoin and other virtual currencies (VCs) like Ethereum and Ripple, their role in the economy is minimal. On November 27, 2018, the total market capitalization of all VCs was slightly over US$ 121 billion[3], while broad money (M3) in the US approached US$ 14 trillion at the end of 2017.[4] In addition, sovereign currencies enjoy significantly higher transaction volumes compared to VCs. The two dominant streams of public discussion on VCs concern their technical details (how they are designed and operated) and ... (full story)