Bitcoin is great! it will be the next digital gold (gold 2.0) a great store of value with only 21M coins.
But when will the revolution reach the medium of exchange sector?
When will a cryptocurrency replace FIAT?
What is needed in order for that to happen? some ppl say LN (lightning network) will help, and that the issue is scalability.
I think it is in the monetary system. people will prefer to HODL the BTC, and use the USD to buy stuff.
What do you think?
Well it can be!
There is no permanent in this world except change. People always have the mentality to change and adapt to the environment and it usual for us to adapt crypto coin in substitution with the fiat currency. But there are always a limit with this and I think it will become hard for bitcoin to be a medium of exchange when there is a banning of government.