If and when cryptocurrency and/or bitcoin becomes the official currency of the world, do you think there will be a downside to it? If so, what do you think the negative effect will be once cryptocurrency becomes a worldwide currency?
If it become a worldwide currency and it has replaced fiat, the downside would be its volatility. Bitcoin's price is frequently changing at it hurts a lot of user. One negative aspect is that it only runs through the use of technology and internet so it is prone to technological failures.