Will the value of native currency fall down if the usage of bitcoin increases?do people feel that they don't need fiat anymore for the transactions to happen?Is that why people are trying to let down bitcoin ? Many questions are just wandering in my mind at the moment. Can anyone answer atleast few of them?
Yes, if native currency still in form of paper money/then the answer is yes but if the native currency is in form of gold then bitcoin can't give any impact to gold because usually the price of gold is move inline with commodity such as rice, weath, meat and etc. People prefer like to do transactions via credit cards rather than cash, the trend is move, in the future people will prefer like to use bitcoin and other cryptocurrencies for online transaction.