In 10 years time, crypto will completely replace fiat

I never thought this would happen, Cryptocurrency will not replace Fiat in full. Forever Fiat will still exist even though Cryptocurrency will become a currency that is widely used by many countries. Cryptocurrency is present to provide convenience, but it can only be accessed by the internet and only modern people understand it, while traditional people will still use Fiat.

For me, fiat is irreplaceable. Even in this modern or techy world, dont forget that, not everyone has the knowledge in using cryptocurrencies, especially the old ones, they prefer to use fiat than those digital ones.

I do not see any problems in resolving crypto currency, we are too attached to fiat. Why do we consider the rate of bitcoins in dollars. Than it is stipulated. Is it not clear that if this continues, we will never go over to the crypto currency

I can't say that Crypto completely replaces Fiat money today. because I think, there are certainly many factors that make crypto very difficult to replace the current fiat currency. as we know, there are still many people who do not understand technology, they still depend on fiat for daily activities. and there are still many people who do not believe in crypto. they are still afraid and consider fraud. and also factors from the government, there are still many countries whose governments do not legalize cryptocurrency. because the governments cannot control crypto. so I think it will definitely take a very long time, to say that crypto really replaces fiat currency.

Let's suspend disbelief and just assume that there is indeed no more fiat. The government does not necessarily have to know your current holdings. It would really depend on what crypto is given sanction by the government. It's more likely that in this scenario, the government have it's own crypto and things would just run like it used to with fiat.

In ten years we will also use fiat as we use it now. Crypto currency is not at all capable of replacing the usual currency, even if all states agreed to this. The Crypto currency would very quickly disregard the economy of each state, complete chaos would begin, after which people would return to the ordinary barter. However, no state will ever decide to replace the national currency of its country with the crypto currency. I am absolutely sure of this.

There is actually a possibility of cryptocurrency like Bitcoin to replace fiat. But this tendency is very low because the government won't let it happen. They cannot just throw away their fiat which is part of national symbol for bitcoin which they don't even know the owner.

I believe that someday it will happen. But not now. Not everyone is ready for this today.