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
The governments might legalize bitcoin and it can be used as legal tender or legal currency but it cannot be replaced by local currency of the country as fiat is physical store of value which can be exchanged for anything without the use of any internet transaction.There will be many people who would adopt btc but still people will prefer to hold fiat with them as its easy to use and without any complications.And there can be negative and positive effect like boosting of depressed economies or increasing illicit use of funds.Anything can happen who knows.