Bitcoin will be used instead of paper money

[KnightElite]

Even now bitcoin usage is very small compared to the paper money usage in the entire world. Right now it isn't an easy thing to abolish and replace the paper money with bitcoin. Lot many changes were supposed to take place in the global market for the same. Already through the banking system most of the fiat transactions were digitized,  and towards the next step of growth cryptocurrency uplifting is done through the increased usage. Bitcoin used instead of fiat won't happen soon or within few years of time.

Indeed. The fact that fiat currencies are more supported by governments compared to cryptocurrencies, replacement won come to existence. Bitcoin has advantages when it comes to convenience in every transaction but it still has issues regarding wide acceptance across the globe. Let's say fees are lower if transaction was made using Bitcoin, but your savings is at risk if it would stay in BTC form because its market value changes from time to time. This is probably the reason why it is more often being used in investment purposes more than a currency.

The transaction using bitcoin is not always convenient because there are traffics wherein there are also delays, for me there is also another factor which is the fees where there are times that the fees goes expensive. Using bitcoin as main payment have still a lot of problems so for me it can only be an option and not set as main payment system. The volatility is also so huge wherein a lot of businesses cannot handle that kind of volatility that can make them to incur losses.

[carlisle1]

I really dont see bitcoins being use as currency instead of paper money.

Once you can Use as payment that is automatically a currency so How come that you can't see Bitcoin using as currency?maybe not in Physical form but in digital.

Bitcoins are viewed as an investment asset and bitcoins are too much volatile and needs a bit higher confirmation fees for faster transactions.

Viewed ?yeah maybe but the use?still a currency,making this as an asset is a part of How Bitcoin is important and worthy because if not?no fool that will put His millions of dollar in this.

And many countries have not yet legalized bitcoins and also governments wont like bitcoins replace fiat I think.

Lol Government did not like Bitcoin over fiat for no reason ,because they are afraid that Bitcoin cannot be control by them.

[jerry0]

This is insane.  So people will paying with btc in their mobile wallets?  So wouldn't that mean nobody would carry that much coins in their phone then?