Competition between local currencies Vs crypto currencies are in peak now. Crypto currencies have occupied currency market causing local currencies enforce (banks) banning of crypto currencies. We can see number of investors have turned towards to bitcoin and other crypto currencies with large scale. Will there be a chance / time bitcoin and other crypto currencies rule over currency market and local currencies get disappear slowly in a decade or two?
If more and more cryptocurrency enthusiasts and cryptocurrency development more rapidly. I'm sure someday the cryptocurrency could make the local currency disappear. Because if the enthusiasts cryptocurrency more, of course, the price will be higher and make everyone want to join in it then forget the local currency.