Bitcoin never replace Fiat Money

[Shannykhan44]

Some countries are also exploring the idea of introducing government-backed cryptocurrencies, which would take them one step closer toward fiat-currency status.
As Russia, India, and Estonia are considering their own digital money, Dubai has already taken it one step further. In September, the kingdom announced that it has signed a deal to launch its own blockchain-based currency known as emCash.
So ask yourself, how can you effectively hedge against a fiat money system with another type of fiat money? BTC

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[Rajamuda]

Anyhow still bitcoin is the online currency and it's not the currency that can be transacted offline like fiat money. I don't think at all that bitcoin is intended to replace fiat money in the future, it will not happened I guess. Bitcoin just will remain an alternative currency which only moves in cyberspace that continues to accompany fiat money forever across the countries.

[tekimebounty]

I think bitcoin will not replace fiat as long as it has such volatility. Most likely, the crypto currency will receive some development and this development will replace real money.

[mahimonliner]

Bitcoin will never replace fiat, because first of all fiat is controlled by the government and no government will allow bitcoin to replace fiat. But the uses of bitcoins will be increase by the time for sure.

[Goodsamaritan]

In my opinion, it should never replace fiat money. Be better and be another currency where crypto community uses as payment like gold. Gold is like bitcoin or altcoins, we could exchange it forfiat money which are used for countries, like gold, gold community can use it as a payment. We are like other branches of community with our own norm.

[btcprospecter]

It would be hard for bitcoin to totally replace Fiat as first more people would have to use bitcoin and by use I mean not just hold once more and more of us are actually using it for daily spending it would become more of a currency.