I do not think that bitkoyn directly is a threat to conventional currency. The fact that people themselves will choose the form of payment and no one is going to impose calculations on anyone in the crypto currency. In general, the crypto currency should squeeze the usual currency in financial calculations, but it can not completely replace conventional money.

In extreme situation, yes it will become the threat of the country currency, fiat also need transaction volume to balance the economic situation so it prevent inflation and deflation, but bitcoin volume is not really enough to jeopardise a country, but no matter how successful is bitcoin we still need cash because the country legal payment is fiat

Bitcoin will not be a threat to the one trust currency bitcoin because bitcoin can't beat out bitcoin because it is bitcoin. Fiat is infinite supply, decided by a handful of people. Bitcoin is the opposite. Anyone with fiat should dump that shit and get some real money before it's too late and they say that "bitcoin is so expensive". Nah, they supply is just low and monkeys are used to their 2 decimal points. Oh well. They'll be very sorry.

Bitcoin and other cryptocurrencies are a threat to local fiat currency once people understand decentralization local currency will lose value . raise and raise crypto prices local currency will lose their ground people trend to use crypto in real life

Bitcoin or the blockchain is the future of payment systems. Not necessarily it will be bitcoin or any other crypto currency, but in future, governments will have to adopt the digital money approach. People will not need to carry cash anymore, probably the only thing they need is there smartphone and the payment can be done from that smartphone whenever needed.

But I don't see that's a threat to the current fiat system. because it is most unlikely that government will adopt any crypto currency to be used as a main stream currency for their economy. But the money will be represented by only numbers from your bank account without having the need to carry it in your pocket.

Maybe it is an threat to all the fiat currencies in the world because in future crypto currency will replace the most of the fiat currency but there is nothif problem for us if that happened we can convert our fiat currency into bitcoins or other crypto currencies.Still long way to reach that stage,crypto currency is still in the early stage so now we don't have to worry just think crypto currency as an asset and buy some for your bright future.

How could this thing Happen, every bitcoiners know that bitcoin crypto/digital currency is dependent to FIAT. Bitcoin a Virtual money in Internet/Online, can be used only if converted to Fiat. Maybe the question can be reverse to OP. FIAT THREAT TO OUR CRYPTO CURRENCY. Understand deeply, study more.

I do not think Bitcoin is too threatening the currency of a country. As we can see, many countries have legalized Bitcoin. Which indicates they are not threatened by Bitcoin. So, whether or not BTC depends on the regulations of a country.

There is also something not many are talking about right now. Is Bitcoin really a currency? I think right now, Bitcoin is more of an asset (like gold) than a currency, as the possibilities to buy goods or services with Bitcoin are still very rare. People need to be aware of that. There is also the fees attached to the transactions which prevents Bitcoin from being a real currency today. It might change in the future.

It is an asset though, as I am personally quite pessimistic about the currency of my country (EUR), therefore holding Bitcoin is like holding gold, and obviously at a much better interest rate right now, that's why more and more people get interested into cryptos as a whole.