What you mean by bitcoin is here to strengthen the fiat currencies in the world if only they understand the coin and adopt it? In my opinion and opinion varies, Bitcoin is not here to become a world currency neither is it here to strengthen fiat currencies. Why would it want to strengthen fiat currency?
Bitcoin has come to be a great alternative to the fiat currencies and the present financial system and not to strengthen it.
Think about it, if it was here to strengthen and support the present traditional financial fiat system of payment, then governments of the world would love bitcoin and support it.
Bitcoin has come to be a great alternative to the fiat currencies and the present financial system and not to strengthen it.
Think about it, if it was here to strengthen and support the present traditional financial fiat system of payment, then governments of the world would love bitcoin and support it.
Bitcoin was designed to rival Fiat currencies, so don't think for a second it will "support the present financial system" anytime soon. While most governments have approved of Bitcoin, deep down, they hate it. Banks have been pushing against Bitcoin, claiming it's a fad or "illegal" money used for criminal activities. None of these entities want Bitcoin to succeed, otherwise it would signal the end of Fiat.
It's all about power/control, so I'd expect Fiat currencies to become stronger in the long run. Who knows what the future holds for Bitcoin as an alternative monetary system? Just my opinion
