In 2019, I was fascinated by Bitcoin after I was introduced to it. I have been following the attitude of governments towards bitcoin and hope it will be promoted. However there has been too much negative news in the past two years. I reacquaint myself with bitcoin and fiat money.
Money is a tool for exchanging goods and services in human social life, and whichever tool makes it into the system becomes the de facto currency. Governments regulate the economy by issuing money, which means they can control it. Bitcoin, on the other hand, cannot be controlled, which is why we like it, but also why governments don't like it.
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.
In my opinion, Bitcoin has a great chance of becoming the world's reserve currency. It is no coincidence that Bitcoin is called "digital gold".
I believe that in the future, the Central Banks of all countries will have Bitcoin in their gold and foreign exchange reserves. Also, the first cryptocurrency will be an integral part of the reserves of large pension funds, public and private corporations, as well as very rich and influential oligarchs - individuals.
As for the use of Bitcoin as a means of payment, then the prospects are less optimistic.
The Bitcoin network has a lot of flaws at the technological level that prevent its widespread use as a means of payment.