Will Bitcoin dominate and became the primary form of money in the future?

[kurdapyo]

as we all know, bitcoin today was so popular and many people around the world invest and earn for it, but will these lead to became the new form of money and will our paper will be phased out?

[mk4]

Topic: Will Bitcoin affect Banks in the future?
Topic: Will bitcoin replace exist fiat?
Topic: Do you believe that digital currencies will replace Fiat?
Topic: Do You Think Bitcoin Will Replace Dollar Soon?
Topic: Do you think bitcoin will used as National Currency on 2026?

[jsmithuk]

Store of value?

Or transaction currency?

Or something more, leveraging smart contracts and decentralized infrastructure?

[Kokondao]

To become a major currency in the world it may be very hard to be a paper money, because we understand that not everyone understands bitcoin currencies and in every country also has its own currency.

[Shirin16]

as we all know, bitcoin today was so popular and many people around the world invest and earn for it, but will these lead to became the new form of money and will our paper will be phased out?

for now if talking about the removal or replacement of currency bills with bitcoin, I think it is still far from the possibility. but I believe someday bitcoin will be more valuable and not just a mere investment.
with the good innovation technology of bitcoin, it will provide a definite support for bitcoin to be legal and become a currency that is valid throughout the country.

[seoincorporation]

as we all know, bitcoin today was so popular and many people around the world invest and earn for it, but will these lead to became the new form of money and will our paper will be phased out?

Maybe not bitcoin, but the technology behind it (A.K.A. Blockchain) will be. Because the math and cryptology behind it are just perfect for this.

As you can see, much banks start using blockchain technology for lot of reasons, the best thing about it is the data base system behind it. each transaction building the blocks who build the blockchain, the idea is just to perfect to let it go. And we already apply it and already see it works, so, it will rule the money until a better idea come.

[Erza]

as we all know, bitcoin today was so popular and many people around the world invest and earn for it, but will these lead to became the new form of money and will our paper will be phased out?

The popularity of bitcoin will make bitcoin price keep on rising but to make bitcoin aa our currency and take over all fiat will be hard to achieve. First, bitcoin supply is limited, after some period of time there will be no supply and what will bitcoin become?
Of course price will raise but how can bitcoin distributed for everyone? Second thing, do you even think about the government how are they going to do if there is no paper money?

[Vektrum]

I do not think that bitcoin will ever become the main form of money. The digital currency is most likely to be used only as one of the types and forms of money and will only go in parallel with conventional money. Digital money has many of its drawbacks for their use in everyday life for small purchases.

[ColdZerk]

Totally, i think that humanity will switch to digital currency in next 50 years, but i'm sure that this currency will not be bitcoin. The main reasons: high fees, slow speed.

[Bitnewstoday]

as we all know, bitcoin today was so popular and many people around the world invest and earn for it, but will these lead to became the new form of money and will our paper will be phased out?

First, bitcoin supply is limited, after some period of time there will be no supply and what will bitcoin become?

However we should keep in mind that Bitcoin has 8 decimal places, it's not only about 21 million BTCs

[YuriyBorisov]

I think the main won't become, a lot of time in addition is necessary that from the market there were world currencies. And technologies of other alkoin too worthy and every day take root as payment systems into various shops, services and other... Of course can be, but not this century!

[Kakmakr]

Why should Fiat money suddenly be replaced? People should consider that Bitcoin is digital and not everyone in the world has access to the internet or devices to access it. A lot of people are also uneducated and will not be able to use these devices.

Bitcoin and other Crypto currencies will have to become a lot more user-friendly, before we could reach a stage where Fiat can be replaced by these technologies. I see a gradual progression to a stage where people in first world countries will go 100% paperless, but it is going to take a lot more time.

[Dudeperfect]

I believe that Bitcoin will gain the recognition as a major player in the fund transfer/payment gateway industry in the coming years and it will also compete the traditional volume of fiat currency on most of the platforms but it won't be the primary form of payment in any way because there will be the people who will keep using fiat currencies irrespective of the disadvantages and the number of fiat users is huge so I don't see above mentioned scenario in at least next 10 to 15 years.

[alyssa85]

Store of value?

Or transaction currency?

Or something more, leveraging smart contracts and decentralized infrastructure?

There will be more than one dominant cryptocurrency.

Bitcoin = store of value

Ethereum = smart contracts

Monero = dark net money

Another coin (doge, steem?) = currency

[ambisyon]

as we all know, bitcoin today was so popular and many people around the world invest and earn for it, but will these lead to became the new form of money and will our paper will be phased out?

First, bitcoin supply is limited, after some period of time there will be no supply and what will bitcoin become?

However we should keep in mind that Bitcoin has 8 decimal places, it's not only about 21 million BTCs

There could be a chance for bitcoin to become the most valuable currency in the world but it will stay as a digital currency but would not be the primary form of money in the future. Bitcoin will still dominate all the cryptocurrencies in the market and I don't see any currency at the moment to replace bitcoin.
My thoughts on this, I think any nation would have wanted their currency to excel and will be use as the major currency in the world just like the USD, EURO and Pounds.

[reynilynedago]

as we all know, bitcoin today was so popular and many people around the world invest and earn for it, but will these lead to became the new form of money and will our paper will be phased out?

hopefully so in the near future. But sadly, as long as bitcoin's high volatility rate still goes on I am afraid bitcoin would nefer see tge light of the currency market. It's high volatility rate which brings about sudden price changes is the primary reason bitcoin couldn't be considered a currency as if now. Unless people make solutions to get rid of this, we would have to stick around with bitcoin being an asset of investment.

[Troysen]

BTC is bound to dominate at some point, tht's inevitable, but completely replacing and facing out fiat is a a long shot considering that not everyone has the technological requirements to access BTC, and its forms of payments. It could be secondary forms of payment like credit cards, preferred by a certain group of people. But totally facing out fiat will be quit a challenge

[cynical]

Topic: Will Bitcoin affect Banks in the future?
Topic: Will bitcoin replace exist fiat?
Topic: Do you believe that digital currencies will replace Fiat?
Topic: Do You Think Bitcoin Will Replace Dollar Soon?
Topic: Do you think bitcoin will used as National Currency on 2026?

of course!

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[shi07]

I don't think that bitcoin will ever replace fiat, however Inthink bitcoin can serve as an investment and another option for financial transaction. Btc have unstable value sonI don't think it can rule an the finance and exchanges of an economy.

[tegarp90]

yes it could be, but bitcoin still has many defieciency such as the transaction speed is not stable (relatively take a long time) also the fees is too high right now