I’ve heard mixed thoughts on if each country eventually created their own cryptocurrency, would Bitcoin still be number 1 or would it fizzle out. Some say it would legitimize Bitcoin even more, others say it would make Bitcoin obsolete.
What are your thoughts?
I don't think we should even talk about Bitcoin being number one if we will be relating it to fiat.
We all know that fiat is centralized while Bitcoin is not. Another thing is that a lot of countries already legalized Bitcoin and it is not really affecting the fiat in the process since people use it or look at it as an investment and not as a currency.