~snip~
After I figured it out, I no longer expect Bitcoin to be recognized by the state, and it doesn't need to be. It is part of a special asset, not a currency.
So I don't think Bitcoin is going to become a fiat currency.
Bitcoin already is, since a long time ago, a currency that can be used worldwide to pay for goods and services.
This has been true since May 2010 when laszlo paid 10k BTC for 2 large pizzas:
https://bitcointalk.org/index.php?topic=137.msg1195#msg1195You can't pay for goods and services with your local fiat currency directly to another person in another country, it's basically worthless paper until you exchange it for their local fiat currency.
But Bitcoin is accepted worldwide, without the need to exchange it into some local currency. It's a global currency since its creation because it lives on the Internet, which is global by nature.
Bitcoin doesn't need the approval of central banks or governments because it doesn't rely on them at all. That's by design, and that's a great thing.