Do Bitcoin Really Has Advantages over Fiat Currency?

Simply put, Bitcoin is a virtual currency intended to function as money and a means of payment. It is a decentralized digital cryptocurrency that operates on a peer-to-peer network based on blockchain technology. This was addressed in his 2008 white paper by an individual or group using the pseudonym Satoshi Nakamoto. Bitcoin as a digital currency should provide an alternative payment system that works without central control, but can otherwise be used like traditional currencies.

Fiat Currency
A fiat currency is a currency that gains value when a government makes it legal tender and compels its use as a medium of exchange within its jurisdiction. Unlike physical-backed commodity money such as gold and silver, fiat currency has no intrinsic value. The governments of a country manage the credit supply, liquidity and interest rates more reliably and Its value is fundamentally based on people's trust in the issuing government and economic stability.

The USD, as an example, was previously backed by a specific amount of gold, and people could convert one into the other. President Richard Nixon in 1971 ended the gold standard in the United States.

Well-known examples of fiat currencies include examples of fiat currencies include the US Dollar (USD), Euro (EUR), Japanese Yen (JPY), British Pound (GBP), and many others.

Few Advantages to Consider
Firstly, Both can be used for payments

Bitcoin offer more security and privacy than traditional  currency transactions.

While the price of Bitcoin can fluctuate dramatically, fiat currency is much more stable.

Bitcoin can be trusted because it is tamper-proof.

A Fiat Currency can be reversed in-case of wrong happenings whereas, Bitcoin transaction cannot be reversed if any happenstance occur.

If there are other advantages Bitcoin has over Fiat Currency do well to educate us. I welcome you contributions.