I want us to discuss on this topic. Do you see bitcoin kicking other paper money out in the nearest feature?
I will love to hear your views guys.
If it was an objective type question I would have selected NO.
As of now, United States Dollar is considered to be the most powerful fiat currency. But has it
kicked out any other currency? All currencies, including digital currencies like Bitcoins will exist, but their value will rise or go down in due time.
I agree, people will try to be flexible than focusing on one thing so basically if bitcoin will be considered as a worldwide currency it will not kick out the other currency as it can still be used, we know that the more the choices the higher the chance to compromise a better possibility. The other example is that bitcoin never kicked out any other cryptocurrency, it just control the majority of investors and has much users but other crypto insist to be gone.