I love your approach my friend but simple answer is this : Crypto can never replace Fiat, not for many years at least. There's some reason to it.
First of all it is not feasible to use crypto by everyone for every transaction. Second of all majority of world's population are average money makers. They don't have anything to invest, They just earn to survive. So there's no point of crypto for them.
Crypto is basically for investors and speculators at least it is now. No wise investor like Warren buffet is touching crypto because of it's over valuation and volatility.
So, i think crypto will never replace fiat.
Anyways thank you so much for this video, I learn a lot about crypto from your videos. Keep on sharing . @boxmining
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So what you're really saying is cryptos just need to become popular enough that employers will offer to pay salary in them? Also, a lot of normal people save for retirement etc. Maybe crypto in it's current form will never replace FIAT, but over time it most likely will.
Yeah, I am exactly saying this. Crypto's can become a great investment option in the long run like equities but it can never cross the fiat currency border. It's decentralized my friend, it'll only replace fiat if it will be centralized. And if it ever become centralized, then the whole purpose of crypto's will be lost.
My feeling is that alot of Countries is going to make "Official cryptos" Before any decentrilised cryptos becomes main stream. Smaller/poor countries will probably adopt decentilised options way faster as they have "real" infrastruction probelms already.