Folks how can we compair two very different thing at same.
As Bitcoin is Virtual Digital Currency. Which is present virtually, but have lots of features.
Bank is governed by centralized communities.
Two are different things but important factor belonging to both of is both can be evaluated/exchanged with each other.
I would like to mention important aspect of Both currencies as Fiat and Digital is
1) Digital Currencies are decentralized no one control it
2) Have strong security
3) Due to peer to peer network valuation will be increase exponentially in future.
Now If consider fiat currency It has drawbacks
1) This is centralized government controls it.
2) Limitation to use in other geographical regions except than own country. in such case user have to pay extra exchanger charges for exchanging own currency in suitable currency.
Now most important thing
Bitcoin or any digital virtual currency is based on connectivity. As Tier 1 and Tier 2 countries have strong internet access to user publicly, but in tier 3 or lesser countries still dont have that much strong internet connectivity.
And as any of cryptocurrency needs connectivity its cannot be used with internet.
So in such conditions people will definitely prefer to go with fiat currency.
But cryptocurrency or altcoin have ability to exchange then within any of fiat currency globally.
