We all know that bitcoin is the king and father of all digital assets. Bitcoin was created for 2 purposes.
1. To be an alternative to fiat currency.
2. Stay free from govt control.
At present some big online marketplaces accept bitcoin but from being an alternative payment to fiat currency I think we are still behind. We also saw many countries are hostile towards bitcoin and china baned everything related to bitcoin. So china's ban on bitcoin shows that it's free from govt control or its the opposite? Bitcoin can really be the alternative to fiat?
Bitcoin is far from replacing fiat currencies currently, even in the future it won't be able to replace fiat only that it can work along with hard cash. Bitcoin is what many people say internet money but whereas people still prefer to not go through the hassle to buy crypto just to transact where they can only pay for their daily goods with cash, which is time saving as well as safe to use for non tech-savvy people.
About government control, bitcoin is still free from government control and will always be, it's just that the price fluctuate a lot in accordance to the decisions made about the legality of bitcoin by governments.
The purpose of bitcoin was always giving power back in the hands of public and I guess it is doing its job in the right way. Who could have thought 20 years ago that we could be albe to send money to others over internet just using a Sting of numbers or a QR code.