As we can see now everyone/every developed nation is moving towards digital currency. In your opinion how much time is required for digital currency to take over the current/existing market or it is impossible that digitisation will never be successful. If yes what are those factors ? In my opinion those countries which are not accepting digital currency, are doing wrong. They are only thinking about the tax. They are saying that we will not get any tax and digital currencies are fake. Fraud is very easy in digital world (that is true but it also happen in every market). Although when someone is doing business in digital currency then that person is bringing money to country that is beneficial for the country...
And you think that by most countries accepting Bitcoin that will make it take over everything and being used by everyone, well you think wrong. It can take over, but that will have to be in whatever that has to do with investments and of course we can use it as a payment method, though not all countries approves that. Bitcoin is making success, but I dont think it will replace the currency we are making use of.
Everything is possible folks, but I think it's too early for that. Still the local currency is more famous than anything else, special in digital currency. Tangible item is matter I think. What do you think folks?
yeah, we cannot tell what the future holds and anything can be possible. Over time, I guess even some countries will switch to blockchain technology and gradually discard the printing of paper currency and in that case, I believe with the way things are generally as people get to adapt easily; it would increase the age of digital currency.
Government own digital currency is apparently going to be centralized which will not make it any different from fiat anyway. Over time, we will get to know how the whole space evolve but like you said, it is still too early to start assuming for the future.