Bitcoin and fiat currency serve different purposes, and each has its own set of benefits and drawbacks, in my opinion. In general, it's the same, but in my opinion, bitcoin is better than fiat. However, the problem right now is that if we adapt and use it for different payment systems, the fees are quite high, and some people can't even complete a small transaction due to the fees, so I still believe that fiat is better than bitcoin when it comes to payment methods.
In terms of investment, bitcoin is unquestionably the best asset since, unlike fiat, we can instantly profit with the appropriate timing and analysis. In contrast, it takes a long time for currency to expand, and only large investors will benefit from it.
When it comes to security, I believe both are fine right now; fiat is secure because it is centralized, and the government will not allow the fiat system to be destroyed; bitcoin is secure, IMO, because nothing has changed in the past few years; my BTCs are still in my wallet, and if you lose it, it is most likely your fault.
In terms of investment, bitcoin is unquestionably the best asset since, unlike fiat, we can instantly profit with the appropriate timing and analysis. In contrast, it takes a long time for currency to expand, and only large investors will benefit from it.
When it comes to security, I believe both are fine right now; fiat is secure because it is centralized, and the government will not allow the fiat system to be destroyed; bitcoin is secure, IMO, because nothing has changed in the past few years; my BTCs are still in my wallet, and if you lose it, it is most likely your fault.
Both types of currencies are different from one another. We can't say Bitcoin is better than Fiat because it has its limitations. Depending on your needs, will be the type of currency to use for day-to-day payments. Most people prefer Fiat over Bitcoin because it's stable and backed by the government. But this comes at a cost of centralization, greatly defeating the purpose of financial freedom. With Bitcoin, that's another story. You can feel confident your funds are safe against external interference since you and only you have access to your account. But Bitcoin's price volatility makes it unsuitable for use as money for daily payments. It's hoped that regulations will fix this problem in the long term. Ultimately, people will decide which type of currency to support from the other. Just my opinion
