Many people still believe that Bitcoin can replace Fiat but I don't see it happening, it's not because of banks or this centralised world either.
Here is a very good reason why I think this way.
I am a business owner, running a fashion company, I've been accepting Bitcoin payment since 2022-2023 and, the fact is.....
The idea worked, for a while, my friends that knows about crypto and use crypto do paid me in Bitcoin several times when it's time to receive payment for my service, but at the time the value of Bitcoin was small, around 16000.
Today they don't want to pay me in Bitcoin anymore, when I asked why they said no, and one day I challenged one of them (customers) she said she would rather not spend her Bitcoin right now.
The value makes more sense to people than spending Bitcoin as money, from 16000 to 100,000 plus and counting, I am now stranded with my postal about Bitcoin is accepted here, but my main lesson I learnt here is that...
It's easier to spend Bitcoin as money when the value is low, or maybe in a bitcoin bear market than when the price is high, to them it's very inconvenient to do.
I don't let this bother me, because true be told, I've spend BTC online to pay bills and buy things before, but since the value start surging I could spend my BTC again, I was in their shoe and I felt it too.
Do you also accept BTC payment? What's the experience between a bear BTC market and a bull BTC market?
One of the things that woudl be on their mind is that on why they would be spending up their coins if they would be able to spend it out their fiat instead? Its true that you might be able to make out some consideration on spending up some of those coins when it do have that low value or simply at the time or moment that you hadnt still any experience or knowledge about it, then you would be defnitely be trying out to spend it up but on the moment that you are gradually making up some awareness on how it works and on what are the potential money making opportunity, then you would be thinking that it would be a complete waste of potential profits if you would be letting yourself be able to spend up those coins into those casual transactions or purchases on which you can be able to make it through spending into using up your own fiat. Nowadays its not shocking that people would be trying out to spend up their typical fiat on buying up something and there's nothing we can do about it. They will be sticking into spending up their fiat rather than on their precious Bitcoins, there are just that those times that you had that become curious and thats why you do made out such spending of those coins but just like been said that once you do able to have that kind of realization about into is potential value in the future and thats why we do decide that instead on using up our precious coins, we do rather make use of the typical fiat that we do have.