Can A Global Cryptocurrency Dominate Over Fiat Someday?

Bitcoin, the pioneering cryptocurrency that has managed to withstand the tests its decade-long life has put it through, still seems far from the dream of overtaking fiat someday. Yet, some staunch Bitcoin evangelists, most of them putting quite a bit of money where their mouths are, are quite convinced that Bitcoin will soon become the dominant mode of payment in the world, outrunning the popularity of centrally supplied fiat promissory notes.

Tim Draper, a rather respected venture capitalist in the field, has in fact gone a step further to articulate his faith in the bright future of Bitcoin, saying that in 5 years, if one tries to buy coffee with fiat and not crypto, they will be laughed at by the barista.

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