Bitcoin will conquer fiat the same way fiat conquered trade by barter.

[teamsherry]

I don't see bitcoin entirely replacing fait currency, it's quite too volatile to fit for that purpose, and more over fait has its purpose although its suffering from Inflation due to different reasons such as economic instability and poor government just like in Nigeria, and more over bitcoin right now functions more like an asset than even the original purpose it was created as a p2p medium of exchange and low at the exchange fees, they are quite high and imagine taking about 20 transactions on bitcoin in a day, the gas fees would be too high for an average person to afford or tolerant, master cards and banking system still severs better as a good medium for our daily transactions with little to no charge added.

[Mr.suevie]

I don't see bitcoin entirely replacing fait currency, it's quite too volatile to fit for that purpose, and more over fait has its purpose although its suffering from Inflation due to different reasons such as economic instability and poor government just like in Nigeria, and more over bitcoin right now functions more like an asset than even the original purpose it was created as a p2p medium of exchange and low at the exchange fees, they are quite high and imagine taking about 20 transactions on bitcoin in a day, the gas fees would be too high for an average person to afford or tolerant, master cards and banking system still severs better as a good medium for our daily transactions with little to no charge added.

Well I agree on some of the insights you have given but if we look at it from a general sense Bitcoin is really changing the financial system and I would like to believe that if El Salvador can do it then why wouldn't every other country follow up as well because the benefits are great and widely spread out and again before before now the gas fee was very low and wasn't any issue if you are transferring up to even 30 TRX  a day.

[Fiasem20]

I don't see bitcoin replacing fiat currency,like the difference is clear.Bitcoin is a decentralized digital currency that has nothing to do with the government and the central bank while fiat currency is being controlled and issued by the government and central bank,so if your saying that bitcoin is replacing fiat currency it simply means that the government would accepted bitcoin as legal means of exchange.Even if the government accepts bitcoin as a legal means of exchange it's still not under their control because of it's decentralized nature.Even the fiat currency you think will be replaced by bitcoin is still useful in our day-to-day activities,and it also used to purchase assets like cryptocurrency,bitcoin precisely.Also trade by barter isn't 100% replaced by fiat currency let's be realistic,trade by barter means of exchange is still practiced in this modern world.

[CryptopreneurBrainboss]

currently, bitcoin has proven to be reliable considering the current situation that we are into where our currency has lost it value and saving our money in Naira is no longer reasonable again because price of goods keep increasing while the value of Naira keep dropping and the best option of saving your money in the next ten years is to leave it in bitcoin.

This just contradict what you're trying to prove, here you're explaining how Bitcoin is being used as an asset for investment instead of a currency that's used as a medium for exchange. Bitcoin can replace every investment opportunities out there because it has the potential and very easy to access unlike with other assets wey go take you forever to buy. If you wan buy land now person go dey investigate your matter to make sure you no be criminal to do business with but with Bitcoin you fit just dey your house, use your phone self buy billions worth Naira of Bitcoin yet nobody go reason your matter because Bitcoin dey decentralized and you fit own them anonymously but for other investments dem e go hard small.

From the recent happening across the globe, it's going to be that The same way people left the bartter system to the fiat currency because of the advantage of fiat over the barter system is the same way they will also leave the fiat to Bitcoin because of the advantage Bitcoin has over fiat.

You no notice say all this medium of exchanges wey you dun mention so are all centralized therefore it was very easily for one to replace the other because na still the same centralized government dey control all but Bitcoin is decentralized wey be say the government dey fight am as dem know say power no dey remain for their hand with Bitcoin but the power is going back to the people. Bitcoin conquering go hard but e no dey impossible, it being an alternative means of exchange which was it intended function from the beginning dey more like wetin go fit happen. If Bitcoin no pose a threat to the governments but work beside fiats, the government no go get problem with am.