During this pandemic, the rate of cryptocurrency adoption is accelerating. Fiat currency will disappear as the use of cryptocurrency increases. The reason more and more people are using cryptocurrency is its function as a reliable hedge for value during Covid-19 as it is today. That way fiat currencies can be replaced by cryptocurrencies, one of which is a 1: 1 stablecoin with a fiat currency such as USD. In the end, stablecoins could replace fiat currencies, although it will still take some time.
How do you respond and analyze to future cryptocurrency trends?
The pandemic really made cryptocurrency more accessible and convenience for many but considering the current situation as a transition for cryptocurrency on replacing fiat cannot be supported or be made certain yet. Cryptocurrency may be considered as a very useful currency but knowing the limit and restriction it imposes, it can never replace fiat for now. Maybe in the future, through massive developments, we may really end up witnessing crypto taking over the world where it is used more often than fiat and people are already comfortable and dependent on the convenience and benefit it gives off to them.