As a bitcoin enthusiast having the knowledge of bitcoin and it's potentials compared to the fiat as a local currency and means of exchange or payment for services rendered what is your take and preference on it? And how long do you think it will take for bitcoin to be accepted as a digital legal tender world wide?
I don't think that the choice between fiat and bitcoin should be so tough. Without fiat, we still can not do. After all, even the price of bitcoin is valued in fiat. The national currency of the states as a whole is tied to the material values of the state, which may be in circulation. Therefore, no matter how much the cryptocurrency spreads, fiat will not disappear anywhere. States under no circumstances will not give up their national currencies. Cryptocurrency can only occupy a certain niche in the financial sector of the global economy and be a good alternative to the current fiat system.
Correct! Why would you guys crack your minds just to answer this kind of question, of course, both are important and choosing which one of this is more important or preferred possession is not like we're choosing what to eat in breakfast. It's not like that.
Bitcoin has its own reason why it is important to us today, for most, bitcoin will be give us a certain hedge against inflation and as a form of investment. We can't just take out fiat and let bitcoin rule the whole currency.