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 think your point gave the best explanation to that question. Digital currencies and fiat will keep existing but the existence of digital currencies can never be a threat to fiat. After all, it is the same fiat we are using as conversion basis. However, from your point, you said their value will either rise or
go down in due time. Can you explain what you meant by the go down?