I have recently been quite curious about the many debates about which currency is better.
Many people say that they will choose Crypto because it is convenient and creates a common currency, bringing equality to all countries.
And some people choose Fiat money because they've been used to using it for decades and now they have credit cards and wallet payment apps online, so why do you need crypto?
Which side do you think is right? I want to hear from you sincerely.
Not sure if this question has been adequately answered. But here's my 2 cents:
I remember when I first heard about BTC and I thought it would be the next revolution of money - the kind of thing to replace fiat. But more than 10 years of its invention, it is yet to do without the fiat system. Now I do not imply that Bitcoin isn't a big deal, but I've come to the understanding that the one cannot do without the other (at least for those who have embraced the concept of decentralized money).
In short, it's not on whose side you're on that matters but what side on when you decide for relative utility (which is either as an investment vehicle or a currency). Imho, crypto in general still falls short of being the latter, so I'll use Bitcoin for now as an investment vehicle and stick to fiat for real-world stuff.