In a recent social media poll, Fidelity, a global finance behemoth, queried its followers to choose new bill denominations. The results were nothing short of surprising, with over half of the responses favoring cryptocurrencies. This event underlines the rising prominence of digital currencies in the world economy.
Twitter Poll Reveals Cryptocurrency Preference
Fidelity’s playful Twitter query sought to find out what new bill denominations their followers could come up with. Little did they anticipate the flurry of cryptocurrency-related responses that flooded in. From Bitcoin (BTC) to Dogecoin (DOGE), crypto options were the talk of the town, dominating more than half of the responses within a mere two hours.
Traditional Answers and Inflation Concerns
While crypto-related responses were abundant, some followers proposed traditional bill denominations like $200 or $1,000. However, these suggestions were often accompanied by inflationary concerns. Some followers even boldly claimed that the dollar’s worth is ultimately zero, emphasizing their belief in the value of Bitcoin over fiat currencies.
Humorous and Futuristic Suggestions
From a $69-dollar-bill, likely a mathematical joke, to a $12 bill with the tip included, the poll saw a range of humorous and forward-thinking suggestions. A follower even suggested the need for a trillion-dollar bill soon, a commentary on the potential devaluation of the dollar.
As the discussion unfolded, it became clear that the power of blockchain and smart contracts could make some of these seemingly outlandish suggestions possible. For instance, the idea of a bill with the tip included could be a reality with blockchain’s smart contract capabilities.
In the midst of this lively debate, it’s worth noting that Fidelity is in the process of seeking regulatory approval for a spot BTC ETF. Having started offering BTC and ETH brokerage, custody, and trading services since 2018, the company continues to embrace the potential of cryptocurrencies.
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