Will bitcoin exist with the current financial system? Or will it become a parallel system that coexists like two countries exist side by side? I believe it will be a parallel system? The fiat money will flow from traditional to bitcoin system slowly but surely. We are already seeing some indication of that happening. Around, $7Billions, have already poured into it. It is here because it no longer 100% believes in the USD or any other currency it holds.
Isn't it co-existing already? It's true that bitcoin will never become a mainstream currency system because it is controlled by none! So no government around the world, will approve it as a mainstream currency ever. We will always see bitcoin as a parallel currency system co-existing with the traditional one! That's how it has grown to this level, and that's how it will eventually reach to the top of the game!
I was born in a poor country. During our independence 1USD = 7unit of currency. It got devaluated to such a level that now 1USD = 80 units of currency. We are worst off then we were in the 1990s. Some people have become multi-level rich. It is now one of the fastest rich producing nations, whereas the country is mega poor.
I can assume what your country is and which part of that country you belong to! Whatever you are saying is true! However, the reason for such situation is the government and not the currency system. When Britain arrived there, that country used to share 43% of world's GDP and when Britain left the country after looting it for 200 years for their own benefits, it was decreased to 3%! There's nothing we can do about this fact! Bitcoin can't help a country to come out of the poor status. However, individuals can be benefitted financially if they adopt bitcoin.