Observing what is happening on the cryptocurrency market and global changes associated with the perception of cryptocurrencies (at least Bitcoin), I get the following picture:
- Bitcoin will not replace the fiat system. There are a huge number of reasons for this, and the first of them is the very concept of the structure of the state and the financial system of the state.
- Bitcoin can claim the status of a mechanism for assessing the value of major assets, such as gold, and the world economy as a whole. For this, Bitcoin has a lot of advantages - limited emission, inability to influence/manipulate (if accepted as a mechanism for assessing the global economy), good acceptance in the world.