Properly in my view, Bitcoin are not able to exchange fiat. The 1st reason it are unable to be replaced by fiat is that fiat is backed by banking companies and authorities, whilst bitcoin isn't really. The 2nd cause why bitcoin can't replace fiat is that several convert's bitcoin as fiat and it is price tag is also primarily based on fiat. The 3rd and very last purpose why bitcoin are not able to substitute fiat is that some can't simply have confidence in bitcoin.