The European Parliaments Committee on Economic and Monetary Affairs (ECON) has come up with a report on cryptocurrency entitled Virtual currencies and central banks monetary policy: challenges ahead. The finding of reports shows that cryptocurrency will not replace fiat currency, even in the long term.
https://bit.ly/2NeLgLrWell, we have to admit that its true, crypto can never replace fiat. But, on the other side, crypto can be a powerful alternative for our financial life.