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?
At the moment, Bitcoin (and other cryptocurrencies) cannot replace Fiat. Digital currencies are used more as a means of investment and value preservation than as a means of payment, so at the moment there is no reason to worry that cryptocurrencies can harm local currencies.