We experience and will still experiencing the waves of changes and uncertainty. Will Bitcoin eventually replace Fiat currency? Why or why do you not think so?
In ancient times, the means of human transaction was one thing instead of another. Gradually, with the development of civilization, people learned to use currency. Since then, every country in the world has its own fiat currency. This currency can be used by everyone from children to the elderly, from fools to wise people, even from people who know about technology to those who do not know about it.
On the other hand, Bitcoin is one of the most promising and promising creations of modern technology. But this currency is very unstable in nature. Since it is a decentralized system, no government or bank in the world can control it. Moreover, many countries in the world have not recognized it, and there are also legal restrictions in some places, due to which the possibility of Bitcoin becoming an alternative currency is low or even if it is time-consuming.
Many people know Bitcoin as a digital currency and feel more comfortable investing here.