I feel there will come a time where fiat money won't be needed it's just 2022 and the need for fiat money have already began to reduce, most transactions are now done through cashless transfers.
I don't believe in such a time, fiat money will always be needed and used, do not think that BTC was created to replace fiat currencies, BTC is an alternative currency to fiat and not its replacement. Most transactions in real life are now done through cashless transfer of fiat currencies, all means the same things, the currency used in the transfer is still fiat.
Myth 2: Crypto is just for speculation:
I didn't really understand this point. Is he talking about crypto being based on speculative investments? I'm hoping someone here would explain this better.
It is simple, what the article meant is that BTC isn't used by too many people as a currency that it is, but for speculation with the price in order to make return on investment. BTC is volatile, and even though it is useful as a currency, many people do not want to spend it that way, they want to hold it so its price can increase and they then convert it to fiat and make more money.
Honestly I found this funny, do people still think crypto is scam? If it we were still in 2010 then no problem you're right to be skeptical about it. I don't think crypto can even be classified as a Ponzi scheme
Most cryptocurrencies are scam and ponzi scheme, or pump and dump cryptos, that is correct, there are so many cryptocurrencies and how many of them do you think have any value or utility. BTC is different from all these other cryptocurrencies because of its usefulness and security, it is neither a scam or ponzi, but the most of the other lot that make up the many cryptos in the network are mostly scams.