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!
Despite the fact that Bitcoin was decentralized and also created by Satoshi as an alternative to make people financial freedom and it too early to conclude it will never be mainstream currency because we cant predict the future. Mind you, we have some government that sees Bitcoin as a legal tender.
Nilanjon, crypto setting is wide and welcoming for every institutions thats ready to comply with it decentralize nature. I think the question should be will current (government) financial system co-exist with Bitcoin.