Hey,
I am right now a little bit researching about financial stability and monetary policy.
It seems that monetary policy through a central bank is pretty important for the global financial stability.
For example if there is a financial crisis, central banks try activly to stabilize the financial system.
If Bitcoin would replace fiat money and such a crisis would occur, wouldnt this lead to long term financial instability?
Have you ever asked why the market is not being disturbed by issues relating to the banking sector, its because there is no central bank of Bitcoins, the market is fully owned by users and regulated by them.