governments simply aren't interested in incorporating bitcoin. they can't deal with the fact that it is something they can't control. paper money will stay at least for another 10-20 years.
I agree, governments are wise when it comes to money thats why even thou cryto currency keeps on upgrading still paper money cannot be replaced easily. Many people likes to have their money right on their hands but still it safer if it is not.
It is not that easy for the governments to accept bitcoin. And why they are not legalizing it? Reason is only one, the decentralization of bitcoin. They dont want to lose control of the currency that works in their country still they cant handle it themselves.
So they will not on the side of making it legal, hence the paper money would keep a better value everywhere in world.
Bitcoin is thought to be the future of money. That is very true if we look at the present facts regarding it and other digital currencies. Mostly, people are going to get involved into digital assets as they can enjoy freedom of control over this.
As bitcoin is the best among them so investors will be more attracted towards it. In future, bitcoin will be loved by even more people and the amount of profits will also increase.
It is really very much difficult thing to comment on about the future of paper money. Paper money is having its own importance amongst the people and people are using it since long period of time. Crypto currencies for sure hold a very bright future but the fact is paper money will remain at its very own place. People will keep on using paper money no matter what the conditions are.