Can Cryptocurrencies One Day Overtake Fiat Currencies?

Can Cryptocurrencies One Day Overtake Fiat Currencies?

On Sept. 7, El Salvador became the first country in the world to accept Bitcoin (CRYPTO: BTC) as legal tender. Bitcoin is up nearly 60% since the beginning of the year, and the latest move should appease skeptics who claim it cannot be used in everyday transactions because it's too volatile. There are reasons why countries worldwide moved off the silver and gold standards, and adopted fiat currencies.