Re: Bitcoin can not replace fiat

I agree with you. In fact, only a small percentage of the world's population knows about the cryptocurrency. Therefore, the crypto currency will not soon catch up with the popularity of Fiat. And hardly ever replace the Fiat

It is not really able to make it, that is the fact with bitcoin. And bitcoin will always be treated as an investment by most of the people, though many of us are already using it as an online currency. But there would be one day that the fiat will be upgraded into something that has the same idea with bitcoin and other crypto's.

Yes, bitcoins are now considered by many people as investments. This is due to the fact that the price of bitcoin is growing. In the long term, it can grow several times.
Few people use bitcoins to buy everyday products

And if you are aware of the price now, the price is increasing and in line with this progress. Bitcoin still doesn't have the chance to replace fiat. We know it that government will not recognize bitcoin as their main currency but they can recognize it as another form of asset or investment which will help their economy to boost.

Well if you already consider bitcoin as an investment then you should be well aware of it's potential as an alternative currency to fiat. But then that's just about it. Alternative. It can't really replace the fiat system and it doesn't really need to. Fiat can survive even with the emergence of btc

Yep, there's no need for bitcoin to replace the fiat system as it supports that currency and economy. But people and it's user who supports this crypto including us, will be using it as our real money and currency through the web. And the government is not going to allow this to happen because it can destroy the economy.