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.
Bitcoin is not intended to be a fiat currency. It has diversified the payment system and created a huge investment opportunity. But there are lot of people exaggerate about bitcoin as the place of fiat currency, in reality it will never take the place of fiat currency. In my perspective World Currency means that the currency which will be the same for all over the world as like as the dollar is considered. Event though it will not take the place of the dollar, this bitcoin will be acceptable as a medium of exchange all over the world.
However, many of us today not only think of Bitcoin as a digital currency, but they think of it as a big asset of their life. People who dream about Bitcoin think as a digital gold.