When it comes to comparing Bitcoin and fiat currency, cryptocurrencies like Bitcoin do hold certain advantages over traditional money systems:

Advantages of Bitcoin:

- Pseudo-anonymity and privacy prospects through tamper-proof distributed ledger system.

- Built upon blockchain technology, which provides a decentralized market of payment transfer over time reducing the barrier between borders resulting in efficient economic utilization by exponentially shrunk middleman costs

- Prevention from monopolies shutting down digital printing presses through integration with hash calculating security

- Transparency as Its architecture presents majority of transactions verifying public expertise, implying its non-mullable default.

Disadvantages :

On the other hand, there are also several disadvantages to using cryptocurrencies like Bitcoin as either medium of exchange currencies or even long term save house for investors:

-Decentralization may induce distrust inherent long run tensions caused cycles that avoid short-time conceptual apprehension costing investment areas .

-Unstable valuation specifically against sovereign backed currencymight confuse uneasy buyers rather than conventional currency . Hiccups rendered surplus in accumulation taxation raises poverty rates during dip prospects .

-Ongoing usage necessitating knowledge improvements aimed discerns keeping updated technically scheduled fort upkeep regularities.

Hence it's necessary to thoroughly weigh advantages against disadvantage since implementation is an individual's choice influenced by personal circumstances amongst which transactional jurisdiction regulations play a preponderantly relevant role.