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 am actually hoping that fiat would keep on working when bitcoin gets a legal regulation all over the world. I am not longing to have bitcoin alone existing in our monetary system instead I want bitcoin and fiat to work in harmony so that each and everyone in the world could benefit from using both. In terms of the effect of it in the economy, we cannot be certain about anything yet since there's no living proof that can help us determine if it will cause detrimental effects to the economy or not.