Your thoughts about Bitcoin in years to come

[D-law]

I am new to the Bitcoin but I am having a conviction that Bitcoin is going to rule the world very soon seeing the may people are approaching Bitcoin every single day to invest in it. I may not be correct now but I know some day every nations of the world will dump the paper money and go for something better like the Blockchain world in running business  and everything.

Bitcoin and the Blockchain interface is changing the world entirely into a better cycle that will reduce stress we do undergo in bank when we need our money. The library, market, store, Fast food, transactions are now turning into digital which will help the Blockchain and the Bitcoin market to spike more than what we are seeing now.

What will life after the dump of fiat looks like?
What is your prospect about Bitcoin in the next century?

[RapTarX]

I know some day every nations of the world will dump the paper money and go for something better like the Blockchain world in running business  and everything.

It's very possible that in the near future, no fiat money will exist in our hand. Everyone will use cryptocurrency but what's that exactly? I mean which one will be used? Well, every nation won't dump fiat money. Govt will introduce centralized govt currency which will have no much advantage for people supporting bitcoin. The model will more likely be USDT or other stablecoin peg to fiat money.

[bitmover]

I am new to the Bitcoin but I am having a conviction that Bitcoin is going to rule the world very soon seeing the may people are approaching Bitcoin every single day to invest in it. I may not be correct now but I know some day every nations of the world will dump the paper money and go for something better like the Blockchain world in running business  and everything.

Unless we face so really new and unpredictable event, this is very unlikely.

All fiat money losing their value would literally be a financial collapse and a total breakdown of the world as we know.  A total apocalypse.

The most likely scenario is that bitcoin becomes a digital gold and/ or a very easy to use and widely accepted payment method.

Bitcoin was not designed to destroy fiat money, but to give us all an alternative.

Additionally,  governments and central banks want to control monetary emissions to make public policies work out. They will not just dump their fiat and go all in btc.

[KingsDen]

Every fiat is a legal tender.
Every fiat is a national identity identifier.
Every fiat is a symbol of culture.
The power of every fiat indirectly says the power of the fiat owner.
Every fiat is an economic driver.
Every fiat is controlled by the government.
No government will trust anyone other than herself to make decisions about her currency.
Obsolescence of paper monies will happen, but the value of such fiat will be present in the equivalent digital token.
Then bitcoin will never exist alone, it will augment fiat, vice versa.

[hatshepsut93]

I am new to the Bitcoin but I am having a conviction that Bitcoin is going to rule the world very soon seeing the may people are approaching Bitcoin every single day to invest in it. I may not be correct now but I know some day every nations of the world will dump the paper money and go for something better like the Blockchain world in running business  and everything.

I joined this community 5 years ago and people back then were telling that in a few years the whole world will abandon fiat money and banks and will switch to Bitcoin. But in all these years there was no major progress in Bitcoin payments. You still very rarely see the "Bitcoin accepted here" banner on websites, almost no major company supports it, Steam stopped accepting it when the fees got high for the first time.

You are right that people will dump paper money, because now everyone has a payment app or can pay with their smartphone, but Bitcoin has nothing to do with it. Just because the world is moving towards digital money doesn't mean it's moving closer to Bitcoin.

[passwordnow]

What will life after the dump of fiat looks like?

I'm also this kind of believer about bitcoin and blockchain before but we have to realize that not every country is set to adopt bitcoin as a replacement to the usual money system that we have.

What is your prospect about Bitcoin in the next century?

If by chance I'm still alive by that time. It's really unknown, technology is very quick in upgrading and just like how bitcoin has taken a lot of attention from different masses. There can be another the same thing that might emerge but for now, it's sure that bitcoin is here to stay.

[Coyster]

I may not be correct now but I know some day every nations of the world will dump the paper money and go for something better like the Blockchain world in running business  and everything.

I do not quite agree with you, I mean I do not think that countries will completely do away with paper money, and then if governments want to popularize digital currencies in their shores, it's definitely not going to be Bitcoin cause they can't control it, it is decentralized, they can't print it and they do not generally like it, they will rather 'compel' people to make use of their CBDC's, as we can see quite a lot of countries are already making plans to launch CBDC's, that's the digital currency the government would prefer, one that is centralized and controlled by them.

What will life after the dump of fiat looks like?
What is your prospect about Bitcoin in the next century?

Talking about the "dump of Fiat", I personally do not believe that will happen and if it does it'll be replaced with CBDC, but we'll have to wait and see. I don't know what will happen with Bitcoin in the next century, but what I know is that I expect Bitcoin to get to mainstream adoption sometime in the future and I believe that would be the best time to be a Bitcoin enthusiast.

[cryptoaddictchie]

What will life after the dump of fiat looks like?
What is your prospect about Bitcoin in the next century?

No one can tell you exactly what will happened in the future but I could say that with the modern upgrade now blockchain and especially bitcoin will help a lot of sector in the long run. There are plenty of moneys lurking the interner and most of them flow into cryptocurrency. So in my opinion bitcoin in the next century would be more advance and will spread fast like wild fire.

[pooya87]

Bitcoin is going to rule the world very soon

Bitcoin is just a currency, currencies do not rule the world.

seeing the may people are approaching Bitcoin every single day to invest in it.

The same people who are "investing" in a currency will dump and go away the moment it stops rising or whenever the price drops a little. So the "world" is not going to change this way!

I may not be correct now but I know some day every nations of the world will dump the paper money and go for something better like the Blockchain world in running business  and everything.

Blockchain is literary the least efficient form of database and when it is decentralized it can not do a lot of things (ie. "running business  and everything"). In other words you are just hyped up about bitcoin so you think it and the technology it is using is going to be used everywhere!
The reality is that bitcoin and bitcoin blockchain is working well and it is designed this way for decentralization. The same model is not suitable for anything else.

The library, market, store, Fast food, transactions are now turning into digital which will help the Blockchain and the Bitcoin market to spike more than what we are seeing now.

Becoming "digital" has nothing to do with bitcoin or using blockchain!
They started becoming digital way before bitcoin was even created.

[SquirrelJulietGarden]

I am new to the Bitcoin but I am having a conviction that Bitcoin is going to rule the world very soon seeing the may people are approaching Bitcoin every single day to invest in it.

More people invest in Bitcoin does not mean Bitcoin is going to rule the world.

What will life after the dump of fiat looks like?
What is your prospect about Bitcoin in the next century?

Fiats in any forms, paper, polymer, digital number or CBDC are inflated or hyper inflated. They are hyper-inflated since the pandemic.

Governments won't make their fiats deflationary. Combine it with the more demand on Bitcoin, bigger adoption on cryptocurrency, Bitcoin will be exchanged at higher price, I believe it will happen. You can neither stop governments nor stop Bitcoin. So price has to rise.

The bullish case for Bitcoin
Purchasing Power of the U.S. Dollar Over Time

[Charles-Tim]

What will life after the dump of fiat looks like?

Bitcoin is an alternative, not a replacement. Bitcoin get its superiority because fiat is centralized and highly getting devalued by the government. But if nothing inferior again, then bitcoin may not worth it. So, if fiat are dumped, it will be disastrous.

What is your prospect about Bitcoin in the next century?

We are still in the second decade of this century, many people that are still living will die before the next century, the next century is so far to discussed about for now, many people close to the time will have such discussion, but not valuable for now.

It's very possible that in the near future, no fiat money will exist in our hand.

If everyone can make use of phone, computer or other related devices that can process payment, it will be possible. But, did you think this is possible? Fiat can be like tradition, but it still offers some advantage. I wish not to use cash for payment again, but I have no option at times because not everyone are literate to using digital means of payment in my country, and with what I see about this, it will take many more decades even if fiat will be eliminated.

[Cookdata]

Bitcoin will be recognized all across the globe, but it will not be accepted as legal money by the majority, as I have observed, but I am not a prophet.
Fiat isn't going away, it's staying because that's what dominates the country, and you don't expect what controls the country to go illiquid one day.
Bitcoin will continue to be the most sought-after digital money in the world.

[suzanne5223]

Bitcoin is going to rule the world very soon

Bitcoin is just a currency, currencies do not rule the world.

This is what some people don't understand about Bitcoin, that it was just an alternative currency created to be the pacesetter to make people financial freedom and also show the government what they should have done to correct the country inflation.
This is what the IMF boss sees in Bitcoin when she advises the Central Banks to create their own CDBC.

[XUR_TIP]

I know some day every nations of the world will dump the paper money and go for something better like the Blockchain world in running business  and everything.

It's very possible that in the near future, no fiat money will exist in our hand. Everyone will use cryptocurrency but what's that exactly? I mean which one will be used? Well, every nation won't dump fiat money. Govt will introduce centralized govt currency which will have no much advantage for people supporting bitcoin. The model will more likely be USDT or other stablecoin peg to fiat money.

Fiat will still be available only in digital form in near future and people don't have any reasons to adopt such coins since their value will be fixed just like stable coins, volatility is why crypto makes lotta sense to me and investors, the ability to double your money is why we even invest in the first place

[ifarted]

The best answer would be, Nobody knows what the future holds. So we can't just say that every government will dump all fiat money. We all know that the government and bitcoin doesn't have a good relationship. Fiat money will stay and would still exist in many years because even if bitcoin can become known by the whole world, not all people has the ability to use it and will be able to do it.

The majority doesn't approved that because fiat money is what dominates the country but in the future i know that bitcoin will continue to grow and develop. For now, the only thing that we should do is to focus on the present because we wouldn't even know if we are gonna be in the future. Time is gold and we have to treasure everything we have and we also have to be grateful.

[lovesmayfamilis]

Already today, bitcoin is changing the mind in such an environment as the banking environment. And also its volatility is not very scary, since its price does not fall to critical values. But to finally establish itself with the regulators, change the legislation, which is poorly developed in the field of cryptocurrencies, and also interest the majority of the population in bitcoin, it takes time. We all know that any global change does not happen overnight. And thus, fiat will remain "to rule the show" until better times.

[Rruchi man]

But to finally establish itself with the regulators, change the legislation, which is poorly developed in the field of cryptocurrencies, and also interest the majority of the population in bitcoin, it takes time.

Yes, a lot of time indeed. There are still many major issues and challenges hindering global adoption of cryptocurrency. The percentage of persons aware and conversant with cryptocurrency cannot even equate the percentage that are unaware. For the time factor, cryptocurrency has just been in existence from 2009, from then till the present (2021) is roughly just 12 years, that's too small a time frame for cryptocurrency to be able to push out the traditional fiat that has been in existence for a much longer period. IMHO, anyone who believes that cryptocurrency will quickly soon completely replace the traditional fiat is just being delusional and unrealistic. It has to gain global acceptance and adoption first. Hence, my thoughts about bitcoin in the years to come is that it will soon, Slowly but definitely be accepted and adopted by every country of the world.

[dbc23]

I am new to the Bitcoin but I am having a conviction that Bitcoin is going to rule the world very soon seeing the may people are approaching Bitcoin every single day to invest in it. I may not be correct now but I know some day every nations of the world will dump the paper money and go for something better like the Blockchain world in running business  and everything.

Bitcoin might not be the general currency the world would use in the future because of its unstable and highly volatile nature and because bit doesn't have its own intrinsic value. But definitely a digital currency would emerge keeping aside the fiat currency that would serve as a world currency saving up the issues of exchange between currencies and making services across boarders more convenient

[aoluain]

FIAT isnt going anywhere there will be digital payments which are increasing,
its still FIAT without the physical paper or metal but instead through cards and
mobile phone. Bitcoin is not going to replace this system, it is an alternative.

Not everyone wants to adopt an alternative system.

MY thoughts about Bitcoin in years to come?

They will be unbelievably scarce, even if you want to buy 1 whole Bitcoin let alone
Satoshi's you wont be able to. Think about it there are just over 20,000,000
millionaires in the world so even if every single one of them wanted to own 1 whole
Bitcoin it is numerically impossible for them to do so.

https://www.consultancy.uk/news/28371/the-world-now-has-more-than-20-million-millionaires

[rosenbauer02]

I am expecting that many countries will accept bitcoin as another. To be exact, no one will know exactly what will happen in years to come except bitcoin halving. We all know that fiat existed for a very long time so It still remain where bitcoin coexist with fiat as many government doesn't want decentralised assets.