If everyone in the world gets into crypto and cryptocurrency will become an official global currency, do you think bitcoin then will stop depending on fiat currency? Or will it just co-exist with fiat?
Would you exchange Bitcoin with something other than fiat mate? I bet the answer is a no, fiat is widely accepted and is
The best thing to get in exchange for your Bitcoins, even if you buy services with Bitcoin, the one selling you the service
Is going to sell the coins and get fiat for them to spend for something else.
it will be very difficult to replace banknotes in everyday life, what has happened for so long will be difficult to replace, but Bitcoin will compete with paper money, it may take a long time for bitcoin to replace paper money, for now it will probably be together until someone relents..
Bitcoin is not supposed to replace the paper money, Bitcoin is here to compete with fiat and banks eventually.
The ability to use bitcoin is still on the hands of the government though I dont think bitcoin depends on fiat in the first place.
Who says that the ability to use Bitcoin is in the hands of governments? you can send and receive Bitcoin without the
Middle man, the governments have no hands in transactions.