I now what could happen and that is not that the bitcoin is going totrplaces the money becuase the bitcoin exist out of the money and without the money the
coin is worthless you know,.
It is hard to think or accept that bitcoin will replace the usage of fiat money. Because people used to it and many people still doesn't know about bitcoin so they must learn things about the bitcoin. So if bitcoin will replace the fiat money then how the government will stabilize and control the price and consumption of bitcoin by the people?
Of course there would not be a total replace, if there is total replacement then that meanms there is no existence of government. If the government see that coming to pass, for sure they will ban all the activities that are relating to cryptocurrencies. Hence,the coexistance of the two would be a better option.
Exactly, crypto will be a threat to their management because instead of getting some taxes from the people they will get nothing if most of the citizens of a country will shift into using bitcoin. And no one will ever get back into fiat when they are enjoying the usage of bitcoin and no taxes will be paid with bitcoin, so well that's possible.