That's like throwing away the notion that Ebay isn't a competitor to Amazon because they don't sell as much as Amazon....
Its not going to compete with cbdcs. 'digital gold', maybe.
BTC isn't fast enough to be used in every day transactions.
Thing of it is settlements with BTC can be made just like dollar denominated deals are today, on ledgers. Most of the exchanges don't use the actually BTC network and settle in house, otherwise your right, it would collapse.
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