Crypto will never crash the system and replace money, at least not in north america.Everything is enforced by laws, like a law that tax needs to be paid in cash, on all items, no matter what the person pays with.Sometimes it feels like people think if we all go crypto, money is somehow going to be free, and life is going to be so much easier, I don't think that's true.Imagine if you could only buy bread with crypto, and some billionaire buys a large amount of crypto the night before, the next morning your bread will cost twice as much.In other words its a rare resource, basing prices on crypto doesn't make sense.It can represent money all day long, and have value based on the dollar, but I don't think it can be money, unless governments just make digital cash for us, that doesn't jump too much.
The analysis with buying bread using crypto got me laughing. Well, nobody ever said crypto will replace FIAT, it's fallacy to assume that. It only compliments FIAT and not otherwise. Some very remote communities may not have internet access, and to transfer crypto, it's a requisite. You don't expect such remote zone to use crypto in daily transactions do you? Just an instance ☺.