I have been seeing the progress of cryptocurrency these past few years, and I've been thinking, will it definitely be a replacement for physical money and use crypto as a primary transactions in our everyday life?
There are positive and negative sides if Cryptocurrency replaces physical money as the main transaction tool in human life. On the downside, due to volatility, prices can change at any time, which can have a significant adverse impact on economic and financial stability. While on the positive side Cryptocurrency has unlimited potential, for example as experienced by the people of Ukraine when Russia invaded their country. Some of them are very aware of the functions and uses of Cryptocurrency, those who switch or store their wealth in Cryptocurrency can still survive with the wealth they have in the form of crypto assets.
The realization of Cryptocurrency as the main transaction tool in everyday life depends on government policy. In the country where I live there are no signs from the government that cryptocurrency will replace physical money, instead the government makes Cryptocurrency a Commodity Traded on Futures Exchanges and the government has benefited from taxes taken on every transaction.