Could Bitcoin ever replace conventional money?

[Teskje]

Yes, Absolutely it can, in Japan it's already can replaced JPY in some shops. Only for Bitcoins no JPY

[lady Royal]

This can never happen, If you want to replace conventional money with bitcoins then you have to place machines everywhere on all the shops/stores/etc which is really expensive and a slow process (however, this can be done) but if we see with other angle then we can see that people who are in rural areas will always prefer money/cash instead of any alt coin which is hard for them to understand and because of the always increase or decrease in price they will prefer money more then anything.

[chris molty]

To replace our currency it should be stable, but the day it will be stable a lot of investors will sell it

[Stimah12]

Yea it can. This is because cryptocurrencies are gradually gaining popularity and prominence. Also the world itself is gradually evolutioning towards this digital currencies. Then why not?

[Oggy Pogi]

Could Bitcoin ever replace conventional money?

I dont think so, and I am not agree with that due to the fact that Bitcoin is very technology aligned people who dont accept modern living will be left behind they will be isolated with the societ and could not live according to what basically will be the norm if that time comed to life. I cannot see this world living without cash and totally dependent with technology.

[bavian]

Could Bitcoin ever replace conventional money?

Bitcoin can not replace physical money. physical money will remain for small transactions or big deals. Bitcoin is better for investment, if for Bitcoin transactions suitable for large transactions, but if for small transactions it is not good because of the long process.

But how about a world that everybody use the credit card only ? At that world could Bitcoin replace the fiat for sure right ?

[EllaPonchik]

Of course he can, already in Japan, he replaces the usual money and I think that in the near future bitcoin will be able to become a world currency and people will be able to pay everywhere

[mobilazy]

I don't think so! All finance instruments have their own purpose. But ripple could easily replace slow SWIFT. Would be a lucky day for all humanity.

[lance04]

Real money is the legal tender only consider by the national bank of different countries.
In my own opinion there is a possibility that it may happen since the company and management of bitcoin slowly dominating in this industry which a great thing to promote a organize society with bitcoin.

[thenameisjay]

Could Bitcoin ever replace conventional money?

Definitely not. Money can never be easily replaced by some form of digital currency like bitcoins because of supply problems. Without the proper amount of supply and surplus within the globe, then bitcoins cannot be a sustainable replacement for money.

[jakoylantern]

For me, it will not happen bitcoin can’t replace the conventional money. Even bitcoin is famous and getting very expensive it will not happen, because of some reason like bitcoin’s acceptances. Bitcoin acceptance is very low everybody is not willing to use bitcoin in their daily lives. Also, not every time you can use your bitcoin to buy some stuff or things, but using the conventional money or real money you can use it every time and just convert it to anywhere.

[mevmike]

money will always be there...
despite how popular bitcoin is or cryptocurrency general there will always be people that will not choose it.
let us always remember that this kind of technology won't be accepted by everyone no matter how we will promote it.
and of course we will not be able to force them to do so.

[Creepings]

To replace our currency it should be stable, but the day it will be stable a lot of investors will sell it

What do you mean by that? Bitcoin will never replace conventional money or even the fiats that is circulating in a country. Bitcoin is the most expensive, most popular and most used digital currency but it is so volatile, decentralized and there are also the anonymity that keeps the government from accepting it as a currency that is accepted in a country.

[Pamadar]

money will always be there...
despite how popular bitcoin is or cryptocurrency general there will always be people that will not choose it.
let us always remember that this kind of technology won't be accepted by everyone no matter how we will promote it.
and of course we will not be able to force them to do so.

which is correct, we can't force those people who still loves to use fiat as they are comfortable we who uses crypto are enjoying the benefits of technology
while for those who still not embracing the change they will still stay with the conventional ways and won't do some risk to learn how crypto works.

[lelylely]

Could Bitcoin ever replace conventional money?

No, bitcoin can not replace physical money, physical money will still exist. Bitcoin is not good for small transactions because the process is long.

[tikaka]

I think not, bitcoin too eyes, not suitable to pay for daily payments .. Bitcoin is limited to not provide enough for everyone. The government will not let the bitcoin replace the traditional coin, instead of bitcoin and develop and coexist with the traditional coin.

[sumanto]

Could Bitcoin ever replace conventional money?

if bitcoin replaces conventional money in circulation at this time then bitcoin price should be more stable and bitcoin availability must be much because if bitcoin bit availability then very impossible to replace conventional currency.

[Woodies]

I think there will be a mix of cryptos and fiat while cryptos become the most important in the future.

[SiOmnesEgoNon]

The fact that we are moving towards a cashless society does not seem to me to guarantee the future of bitcoin. The central banks of all major economies have no interest in having the economic market decentralize and lose their position as providers. Currency is first and foremost an economic geostrategic weapon for the major international powers. They will in turn promote and prevent the development of cryptocurrencies according to their interests and the balance of power, but one thing is sure, they will not be passive.

[kateryana81]

Could Bitcoin ever replace conventional money?

Bitcoin can not replace physical money. physical money will remain for small transactions or big deals. Bitcoin is better for investment, if for Bitcoin transactions suitable for large transactions, but if for small transactions it is not good because of the long process.

Definitely this is right thing you have just said. Things are not like this what people think about. Bitcoins are the best currency but they will not be replacing the physical money even in future. Yes this can be true in a sense when everything will be dealing in bitcoins and even small cup of tea would be purchased only from bitcoins then yes, at that time of technology you can say bitcoins have replaced the physical money.