Can cryptocurrency replace fiat currency?

This question has a highly debatable answer. Many fiat currency “experts” would argue that it will never happen. But it is highly likely (in our opinion) that cryptocurrencies will continue to operate alongside fiat currencies for now. The varied reactions by different governments and the banking industry to cryptocurrency raise questions as to whether a complete replacement will ever be possible any time in the near future. In the long-term future, it seems inevitable that cryptocurrencies will ultimately replace fiat currencies – but that could be a long time from now. Someday physical money has got to be eliminated. Furthermore, several considerations would need to be made and thus there could be different replacement scenarios in different parts of the world.