Is/Will the traditional font/style of Chinese writing going to be extinct?

JustChillaxing

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We all know that the simplified font is used in mainland China and taught in many places of the world where the language taught uses simplified.

But in places such as Hong Kong, Taiwan, and other countries outside of the mainland, Chinese classes teaches the traditional font.

Now that China is a booming economy, will the traditional font/style become extinct, or would it survive?

And what are your opinions, pros/cons of each fonts?
 
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