Will Bitcoins one day replace other forms of money?

[zais]

As we have seen so far Bitcoin is a form of currency that has a bright future and that's something that makes it possible for it to replace if not all at least some other type of money out there. If not replace it can at least, with proper investments and movements, take it's spot as another currency that could potentially be used in the money transactions as any other form of money.

if bitcoin makes other money, it would be a problem in terms of its own economy, which makes Bitcoin and the like judged unsuitable for currency. This is due to the fact that Bitcoin's supply is limited, in contrast to reprinted banknotes with serious observations by the central bank

[Pleione527]

I think for now bitcoin cannot replace any currency because aside from the fact that it is unstable bitcoin also has a very limited numbers which I think is not enough to sustain the growing demand but if time comes that the value of bitcoin reaches 1million dollars maybe it can replace a currency

[cjinny]

I do not think that's going to happen, bitcoin is just as an alternative to online payment and safer payment for a larger amount. Fiat money will still be used in countries where the majority of the population has not utilized the technology to the fullest.

[yorklab]

No, it's not practical for various reasons. I think it will become a form of investment. If a cryptocurrency is going to replace fiat money then it would have to be a much faster, more user friendly form of Bitcoin. But I don't see that happening anytime soon.

[Hagmonar]

Maybe in the future but who knows right in my opinion i think the very main reason why its hard for bitcoin or any other crypto take over the fiat money is because crypto is volatile and no stable price unlike fiat money

[Fatunad]

As we have seen so far Bitcoin is a form of currency that has a bright future and that's something that makes it possible for it to replace if not all at least some other type of money out there. If not replace it can at least, with proper investments and movements, take it's spot as another currency that could potentially be used in the money transactions as any other form of money.

if bitcoin makes other money, it would be a problem in terms of its own economy, which makes Bitcoin and the like judged unsuitable for currency. This is due to the fact that Bitcoin's supply is limited, in contrast to reprinted banknotes with serious observations by the central bank

If we do really try to see this thing i would say its really complicated since there are lots of factors to be questioned first before bitcoin would replace any currency in the world. Yes,its price is unstable and yet it is just limited.How could this thing would able to supply all people who would tend to use it if it would replace local fiat system?

[tenakha]

Replacing whole fiat system with bitcoins is not good idea.Volaitily will kill system which result in hyper inflation.But there are good alternative coins that offers unvolatile,stable payments with keeping price change in range.

[Agamemnus]

Bitcoin is already on it's way to replacing other forms of money. It is far superior so it makes sense, it will just take time as the rest of the world still needs to lose faith in governments and fiat money. That's a surprise.

[monica69]

Like one of the most important factor in Bitcoin is that it is highly volatile which means the value can increase or decrease within one sec which might gain you better profit but at the same time the value might decrease subsequently leading to a greater loss on your investment. Other than that, there are many factors like issue of legality, prone to illegal activities, bad news and rumors and much more.

[bitvalak]

it may be, as the year the bitcoin price goes up and then people are increasingly interested in finding out about bitcoin. This could be one reason bitcoin could be the currency used for everyday

[mrfaith01]

Will bitcoin one day replace other form of money? Yes it is posible...now lots of people knew about bitcoin and the positive impact on it can be the way to became a method of any payment...

[reynilynedago]

As we have seen so far Bitcoin is a form of currency that has a bright future and that's something that makes it possible for it to replace if not all at least some other type of money out there. If not replace it can at least, with proper investments and movements, take it's spot as another currency that could potentially be used in the money transactions as any other form of money.

No doubt that because of bitcoin many country wil change and it can replace the fiat money in the future becuase the value is still increasing bumping and bumping up so if you're lucky to have bitcoin please hold you'll get a lot of money someday

[lady Royal]

As we have seen so far Bitcoin is a form of currency that has a bright future and that's something that makes it possible for it to replace if not all at least some other type of money out there. If not replace it can at least, with proper investments and movements, take it's spot as another currency that could potentially be used in the money transactions as any other form of money.

No, It is not going to happen Bitcoin cannot replace money, Bitcoin is a crypto currency and it will stay a crypto currency, However, yes it will be used by everyone somehow but that doesn't mean it will replace fiat.
As we see many people many shops are not accepting Bitcoins which is just a sources to evade tax and get payments fast from anywhere in the world.
Government will never let that happen.

[carrie_white]

it could happen, but I think it will take a very long time, because not all small countries understand what bitcoin is, maybe because of the lack of access to technology and the internet there

[CyberKuro]

Actually, bitcoin isn't the first digital form of money, there are a lot of digital fiat currencies issued by banks and payment processor//third party in form of debit cards which have been used more than 50 years or over a century. If you ask about bitcoin replace other forms of money? It may not, even for another century due to people still need cash for daily transactions, especially in third world countries. Digital form of currency has some limitations/disadvantages, and physical form of money such as cash or even gold will always have its advantages compare to bitcoin.