I ask this because of the corona virus where people are too scared to hold money.
The issue is that we value btc against the usd and other fiat currencies. If fiat currencies were no longer how would bitcoin be valued...inflation etc? Can't get my head around how it would work.
I can’t remember seeing where it was stated by the devs or the creator of Bitcoin that it was created for the purpose of replacing fiat. People are just the ones who keeps on stressing themselves by coming up with all these narratives on what Bitcoin should become and what it should not, Bitcoin is simply a payment method and moreover there are other payment methods out there that are a huge competition and have also been around before Bitcoin.
But, I am not trying to say that they will overshadow Bitcoin and neither will Bitcoin, they are just there to serve the purpose they are meant for, not to replace anything.