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 existing side by side with the current financial system? Yes, in the beginner there might be problems as the current system attack bitcoin, nevertheless many banks or county has somewhat relax stand on it.
Bitcoin is the future. Does it solve the underlying problems of inequality providing utopia land? Possibly not. However, it solves the constant devaluation of currencies by governments all around the world. The world financial system is built to ensure a specific few groups of people get richer and more prosperous. That stops! Period! Rest will be what off shot applications come out of Bitcoin or Ether etc
If we just for once assume 1btc = $480,000, then we quickly realize the potential of this thing we call bitcoin.
Let's assume 1btc = $480000
But remember, bitcoin is not design to solve the wealth inequality, it was created to be an alternative payment system and not to solve every mankind's problem specially regarding money issues. Just be grateful that you find bitcoin and make the best out of it.