name The People's Currency is really more suited to bitcoin.Let's now imagine for 1 minute that there is no Fiat money in the world.No government in the .world will dream of the greatness of their country and the value of their money.And if this is so, then no country will have a military doctrine, that is, there will be no wars.Is it necessary for the quiet life of all mankind.Bitcoin will give everyone the opportunity to understand that we all live on the same planet and under the same sun.With the help of the Internet, people have become closer to each other. The next stage will be Bitcoin. And this will not be the reserve currency but the main and only one.
Under severe circumstances, Bitcoin would become the number one currency choice for anyone around the world to transact with. However, if fiat currencies like the US Dollar remain dominant in our world, then I see no reason why Bitcoin should become the only currency for anything in life. Bitcoin is better suited as an alternative currency for times of need. Considering that it's decentralized, no single entity controls it. Which means that if Bitcoin remains as is, it could be well-suited as a cryptocurrency for emergencies or simply as a store of value.
Over time, Bitcoin might become the world's most popular medium of exchange. Thanks to the Blockchain's inception with Bitcoin, traditional fiat currencies (USD, EUR, etc) may shift to their own private blockchains backed by various governments worldwide. As such, even if Bitcoin could not become the reserve currency of the world, it would effectively achieve said purpose in another way (such as a fiat currency using blockchain tech). Based on this, Bitcoin would be part of our daily lives either directly or indirectly. Just my thoughts
