It has finally happened. This cryptocurrency has just hit an all-time high and is dragging other minnows up in its wake. This has happened at a time when the US dollar has been falling. It is also when major funds which did not invest in it before that are doing so now. Will this cryptocurrency replace the dollar?. This is not an inconceivable question. Other assets have replaced the dollar in the past. Thus there is no reason why they can’t do so again. With the FED printing money with no backing, it is highly likely that the debasement of the dollar lower will continue. There needs to be prudent management of the US current account deficit and a strong economy to right the imbalance that recent years vagrancies have heaped on to the US economy.