I found this quality topic on twitter and it all caught my attention. I have seen that fiat is the currency of the Government and Bitcoin is the currency of the people, Can the Government Crash? if so the people cannot Crash neither, because so many people are not making good business from the fiat than in bitcoin, which have provided so much job opportunities for users who are online. Fiat will be replaced soon by bitcoin.
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Fiat is backed up by commodity money, it's neither just a paper nor have it's own physical value. It is the legal tender backed up by GOV itself. Where bitcoin is totally virtual, it does not have any physical relation with anything. But for the last decade bitcoin has a significant effect on global economy and will continue to become a stronger part of it. That does not mean bitcoin is going to replace the fiat better they both coexist.