With global markets headed towards an economic downturn once again, I'm reminded of why Bitcoin was created in the first place... centralized financial institutions cannot be trusted.
But as the fiat currencies like the dollar continue to deteriorate in value, it's becoming increasingly clear we need a real alternative.
An alternative may be a much more valid reason than a replacement narrative.
The creators of bitcoin had an idea of why people should consider their product an alternative and we all know that bitcoin can provide something much better.
There are many problems with fiat currencies and we can see how economic developments are causing banking systems to become more chaotic and inflation is high, making currency exchange rates worse for some countries.
Money continues to lose value and is no longer able to maintain the resilience of a centralized system, but the economic journey is still needed by humans despite its weaknesses.