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 More We can have the cryptocurrency as the daily currency but somehow it will make a massive transition from small institution to larger institutions and especially on us the user. But also it will detect some problems as soon as it is implemented nationwide or worldwide that we still not so sure about. For now let us just use bitcoin as a cryptocurrency and digital money.
Not all of us have appreciated the use of bitcoin especially those areas that crypto isn't accepted as a form payment. Actually, only a few establishments are in with Bitcoin, accepting this aside from fiat. This means that the user of crypto isn't that of huge numbers than of considering this as an investment.
Fiat will still be the top in any form of currency/money accepted, yet we are in mass adoption but somehow they'll never use of crypto as mostly they use to convert it into fiat money just like in our country.