Honestly, I don't believe that cryptocurrencies affect paper currencies as much as they have been alleged to in any nation, but the reality is that most governments are too skeptical about the potential of crypto, thus causing them to sow seeds of doubt within the publicBitcoin was originally created to serve as another means of currency that alternate the fiat currency and help the dying economy at that time. It’s believed that the increase in the fiat currency printed causes a lot of harms than good to the economy. With a stable amount of bitcoin I believe it has done justice to the supply making it controllable from inflation. Recently most people have found interest in cryptocurrency and they’re investing, saving and trading with cryptocurrency and that’s gradually decreasing the usage of fiat currency.
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How do you think this will affect fiat currency? Please state the positive and negative effects
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