2. Do you believe that Bitcoin will one day replace traditional currencies?
It could go either way, you know. During this early stage, like being in its infancy, we can't fathom the immense potential that Bitcoin still holds for the world.
Crypto will definitely replace the traditional financial system, the traditional finance system is panicking right now and trying to regulate crypto to stop it but that won't work.
I don't deny this opinion; who knows about the future? Absolutely nobody, right?
The development of China's CBDC (Central Bank Digital Currency) is currently underway. Despite being regulated by the local government, the crypto aspect is not eliminated in the eCNY currency they have released. In fact, Australia and India are also heading in that direction. The ones dominating the scene are not Bitcoin, but rather government-regulated cryptocurrencies. However, without Bitcoin, the crypto space wouldn't exist today, and I can also guarantee that the concept of CBDC wouldn't have emerged.