Yes, got you intrigued, didn't it?
Bitcoin is a very good thing to have as an asset. Just like gold. Even better if I may say. It's secure, and unlike fiat money it actually exists and work is put into it to produce it. This makes it great to store value.
However, it cannot and will not replace current fiat money that the entire world it using. It just cannot.
Take paying a cup of coffee for example. To pay your coffee with bitcoins, one must get bitcoins first, either by mining or buying bitcoins with other kinds of money (*cough*fiat*cough). It ends up being a quite complicated process, don't you think?
Until we reach the point where paying for a cup of coffee is as easy with Bitcoin as it is with cash, we will never get mass adoption. And as far as I see it, there is no way of simplifying the acquiring of bitcoins.
Yes. I do believe that bitcoin cannot replace fiat money. This is because firstly, fiat money is way more popular than bitcoin all over the world. Bitcoin also has way more users than bitcoin. Then cash is a stable form of currency because of which its value does not fluctuate a lot. Whereas bitcoin is not a stable form of currency and its value fluctuate often. Then bitcoin is not regulated by any government or bank. Whereas cash is regulated by government and bank. Because of all these thinks I think bitcoin cant replace fiat money.