Bitcoin was not created to replace fiat. Rather, it is meant to be a viable alternative, and it Is achieving that gradually. If not for this periodic attack of the mempool by ordinals, Bitcoin transactions is cheaper than fiat transactions.
Of course. BTC as another alternative investment that is interesting and provides a level of comfort for those who have owned it for the long term, but if someone is still a typical conservative investor, they might prefer to stay away from BTC and prefer stable and safe assets such as gold or silver. One thing that is still on the mind today is why the price of bitcoin is certain to be higher regardless of the periodic mempool attacks by the ordinal in the future because of other factors, namely the uncertainty of the value of fiat currencies.
Bitcoin's underlying technology particularly its blockchain plays an important role in its valuation innovations that increase the security, scalability and efficiency of Bitcoin transactions can positively affect its price. In times of economic uncertainty or inflation, Bitcoin is often seen as a safe haven like gold. Bitcoin is a very good currency long term investment gives good returns but Bitcoin is not valid in all parts of the world so people will prefer to use fiat currency even if there is uncertainty in the value of fiat currency cash circulation is still high.