Will bitcoin become a worlwide currency and remove fiats' influence?

[Razor1911]

Here in my country our native currency have no value, i don't mind if crypto tarnish it to be valueless. Since you'll spend huge sum of it and still it doesn't satisfy your needs. I just want the world to come in conclusion to make crypto the stand out currency for modern day transactions both online and offline. That's why I'm holding BTC, BNB, LTC, BCH, till that time.

You are optimistic my friend. I hope you will achieve what you want, one day for sure. But you can't take away your face from the fact that crypto may damage your currency in short term. People will start accumulating bitcoin in exchange of local currencies and thus the liquidity in the economy will go down drastically. The inflation will go up. In such situation the govt should give stimulus to the economy to help it survive. So you can see the govt's involvement in maintaining the transition. It won't be easy to accept bitcoin yet.

 

[sincerem]

You are optimistic my friend. I hope you will achieve what you want, one day for sure. But you can't take away your face from the fact that crypto may damage your currency in short term. People will start accumulating bitcoin in exchange of local currencies and thus the liquidity in the economy will go down drastically. The inflation will go up. In such situation the govt should give stimulus to the economy to help it survive. So you can see the govt's involvement in maintaining the transition. It won't be easy to accept bitcoin yet.

What you said its just it, in the other way round. You're very learned, that's what my country saw and halted its progress using their Fiat currency to trade it. Even the banks in my country use their bank funds to mutual fund crypto, and trade crypto. That had a bad significant around the currency back then, maybe that resulted in my country's government banning it.

But UK, U.S, CANADA, AUSTRALIA etc, top countries. Are simply trading crypto without it hampering their Fiat currency.