How many bitcoins is there now in this moment? Of course it will reduce demand, not significantly, fiat is everywhere around and bitcoin is only a little part of all that space.
With the time bitcoin can take a little by little and to make this part much bigger, but that depends from many circumstances. For now usage of bitcoin is probably less then 1 % of total money in the world. Give it a more time, like 10 or 20 years.
I think as well that the demand for fiat goes down a bit with bitcoin. But the percentege of bitcoin from all the money in the world is way-way-way less than 1%
The national debts of the US alone are at about $14.3 trillion dollars at the moment. All bitcoins in the world are worth only about 14 billion dollars.
That means bitcoin could only cover 0.1% of the US national debts.
I think this shows good how small bitcoin still is in the world. And that there are really big chances for bitcoin to grow incredibly in the future.
Yes, good comparison, and you just mentioned 1 country debt and where are other countries, companies, corporations. Bitcoin is really small when we consider everything, also like you said this shows how much bitcoin can rise in the future, "can" but will it who knows.
Dollar, euro, and other currencies will not surrender, we can expect economy war in the future, I see it like that.
