Dont know why people do forces out that thing about Bitcoin replacing Fiat yet this thing wont really happen even on our dreams.Traditional market would retain and as long there are
governments who do hold up, they wont really let those things to happen thats why dont really expect that this scenario would be plausible.Sad to say but in further for bitcoin to be recognized, regulation
is one of the ways.
Agreed on that mate,bitcoin will be the future currency but Fiat of paper money will remain as traditional transactions are in need of this mode of Payments
And besides cryptocurrencies needs being online means internet and electricity must be in action for the transactions be succeeded while traditional will not.regulation can be done for recognition but with our concent as crypto community,so the people of the government cannot take advantage of the situation