2. Do you believe that Bitcoin will one day replace traditional currencies?
It is difficult to forecast with precision if bitcoin will replace traditional currencies. While the technology underlying crypto currencies, such as blockchain, is novel and has the potential to alter the financial system, there are still significant obstacles and restrictions that must be overcome before widespread adoption can occur.
Bitcoin will never replace the traditional fiat currency. As stated on most of the reply, the government will never allow it. And we all know the government specifically the central bank has the authority on financial matters. Central banks may acknowledge Bitcoin as currency but the most Bitcoin can get is to be an alternative currency, to be used in the absence of the availability of the main currency. Bitcoin is great but alas it will never take over the finance system because it is not created by the government.