If Bitcoin becoming a mainstream payment system in the future there will be no banks controlling our money ,and the ideal of faster more cheap international payment will be more interesting . imagine sending money to someone with out any fees ,well it will mainly reduce the government control over citizen ,but first bitcoin most become known to the world .so what are your taught on this topic
A lot of people are employed in banking services. If people start taking advantage of it through Bitcoin, then people's interest in those service-based institutions will decrease. Where there will be a possibility of job loss. However, the government must take a policy by considering all these aspects so that the common people get the benefits of using Bitcoin and at the same time they get the opportunity to work. However, the government must take a policy after observing this issue deeply. Until the government is able to impose a tax, the common people will not be able to take these opportunities officially.
Bitcoin will be used not only for foreign trade but also for many other purposes. However, if we think of Bitcoin as a competitor to fiat currency, then it will definitely be a big mistake. If fiat currency is used, people will be more attracted to Bitcoin than fiat due to the various advantages of Bitcoin. It is better to keep both in their respective positions rather than thinking of them in the same way.