Bitcoins original aim was to be an alternative currency and it has largely failed in that. It is now a store of value, basically digital gold.
Other cryptos like MATIC and for DeFi Games - AXIE and $ANRX may end up being better than fiat, most likely though it will just be stablecoins and CBDCs that will take the spot
Other cryptos like MATIC and for DeFi Games - AXIE and $ANRX may end up being better than fiat, most likely though it will just be stablecoins and CBDCs that will take the spot
I see what you mean. At its current state, Bitcoin is terrible for day-to-day payments. That's because the main blockchain network has limited transaction capacity. Fortunately, there's an "off-chain" scaling solution dubbed "The Lightning Network" which aims to make Bitcoin a true digital cash system. The real challenge would be dealing with volatility. Stablecoins are a much better option in this regard, but they're limited to the underlying Blockchain network's transaction capacity. Despite the inherent flaws of crypto/Blockchain tech, I'd say Bitcoin is better than Fiat simply because it's decentralized and censorship-resistant. It's sound money anyone can use without limitations or restrictions whatsoever.
Of course, Bitcoin will never replace Fiat. But it'll remain as an alternative for those looking into an "exit route" from the current monetary system. Just my thoughts
