Will bitcoin ever replace fiat currency? question is like will the internet ever replace the fax machine or not?. Most of the cryptocurrency enthusiasts have the belief that bitcoin will take the place of fiat currency like bitcoin the worlds number one cryptocurrency. Other people say that Bitcoin does not meet the criteria for fiat currency and this is where it lacks the capacity to replace the fiat currency.
Read MoreThe question we should ask ourselves is:
- Why would it be necessary to replace fiat?
- How many people in the world would be able to use bitcoin without Fiat?
Constantly people are making comparisons between bitcoin and gold; between bitcoin and fiat. Is it not possible for bitcoin and gold to be used in the same way and together? Is it not possible that bitcoin and fiat to be used in the same way and together? I do not see the need to be making comparisons. we can use both