Do you think Cryptocurrency (e.g Bitcoin, Ethereum) will ever replace Fiat currency (eg SGD, USD, YEN etc)? What situations would render it as a store of value?

No.

Hi Kenneth, as an IT guy late to this game, I think I am optimistic about a crypto as a currency. But a lot of things needs to happen.

1. Make it a viable medium of exchange for normal day goods and services. Right now is challenging because unlike the Fiat we have now the value keeps fluctuating, it creates uncertainty in people meaningfully using it as the medium of exchange

2. Security and trust. While the whole premise is that there are validation of the transactions and it's transparent, it's not very assuring that once I lose my wallet I will lose the money forever. I guess that's why I prefer to own businesses on stock exchange or hard assets since I can see they are tangible. Bits and bytes are rather intangible.

Having said that, in the next financial crisis, the body that bail out everyone might be the world bank.and they have talked about a pseudo currency call sovereign deposit receipts (sdr) and they are favorable of crypto.

So we might see them creating something out of it.

For what we know we still do not know the eventual form. Would it be btc or etc? It might be neither.