my mind always asks, if one day bitcoin gets legal regulation, and is recognized all over the world. will fiat currencies continue to work? which country will be saved by the economy? and which countries are negatively affected? Or not effect in country. because in my opinion. when the legality of bitcoin is recognized throughout the world. There will be no currency difference. all values are the same. or will become commodity items such as gold etc. Give me your opinion
I think fiat and cryptos are two absolutely different things. Even if regulators decide to legalize it and bring regulation on it they would definitely not make it a currency for day to day use and replacement of fiat they would only use it as an asset or security in which people can invest and earn returns or hold them for a period of time and such a thing would not have that much effect on fiat. They will still exist and no economy around the world would be hampered with this. Countries too would work normally I think there won't be any change in world economy at all with mere regulation of such kind Only that people would start considering Bitcoin as an investment option.