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?
I'm not sure the cryptocurrency will replace fiat currency within the next decade, maybe even more or maybe it won't happen. the fact is that until now we still need fiat currencies as traditional and banking transactions. and the main problem is that each country has a fiat currency that has been protected by law