I am, admittedly, new to Bitcoin but this question never leaves me. If bitcoin is not a bubble, if bitcoin somehow makes itself the international standard currency, what happens to the people who never bought bitcoin? Will they be provided a timeframe in which they will have to exchange their money from traditional currency to the cryptocurrency before traditional currency is phased out and deemed worthless or will there be another method of transition?
If Bitcoin really one day becomes the standard international currency, i think the other currency will not be obsolete because as of now we already have an international standard currency and it is the US dollar, but still every country still have their own currency. currency is one nations identity there is no need to make them obsolete.