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 in spite of this extreme volatility?
Bitcoin couldn't replace Fiat but it is already being used as an alternative so I still believe that it is fulfilling its purpose. Bitcoin is actually uncontrollable by the government. I also believe that Bitcoin still has a lot to prove and prove but it only needs time and more adoption in the future. It is actually being known in lots of countries and I am sure that it would be adopted more in the coming days.