Bitcoin is highly uncertain

[Natalim]

some people believe that cryptocurrencies could play a more significant role in the future, it's challenged to paper money for using in future but is it really possible to beat paper money for Bitcoin ? Prediction about Bitcoin is more complicated rather other cryptocurrencies.will it possible entirely replace traditional paper money in the next 10 years where few countries already taken step and work for vision 2030.AI and others developed technology already worked in it and people accepted happily.Public acceptance will heavily influence in every invention.It's essential for me to understand what will happen if the paper money is out of Bank how people survive with new currency ?

Well, we don't have to complicate the situation because, in the first place, the creation of Bitcoin was not to replace paper money but just an option.
The challenge of Bitcoin adoption as a currency was due to the support of the government as these business owners can't afford to take the risk of accepting Bitcoin if not officially legalized. In the current position of a currency that seems really far from it, sad to see that only a few people have considered their Bitcoin used to buy stuff or pay bills while the majority of holders are just considering this as an investment.

[boyptc]

Well, we don't have to complicate the situation because, in the first place, the creation of Bitcoin was not to replace paper money but just an option.

IIRC, there have been a lot of arguments about Bitcoin's future and how it will replace fiat money. I think many of us here have believed that way until we realize a lot of things. So, that's just too much optimism from us.

The challenge of Bitcoin adoption as a currency was due to the support of the government as these business owners can't afford to take the risk of accepting Bitcoin if not officially legalized.

That's true.

A government can't just fully support Bitcoin because it is decentralized on its nature while the government doesn't favor that because they have no control over it.

[Abu-Naim]

some people believe that cryptocurrencies could play a more significant role in the future, it's challenged to paper money for using in future but is it really possible to beat paper money for Bitcoin ? Prediction about Bitcoin is more complicated rather other cryptocurrencies.will it possible entirely replace traditional paper money in the next 10 years where few countries already taken step and work for vision 2030.AI and others developed technology already worked in it and people accepted happily.Public acceptance will heavily influence in every invention.It's essential for me to understand what will happen if the paper money is out of Bank how people survive with new currency ?

OP, you need to learn in order to know more about bitcoin and the main aim of creating it.
Paper currency is always losing value to inflation, and its mode of saving and spending is not transparent, banks are also in control of our wealth, while government in control of the currency we use generally. To bring an end or alternative to this, that was why bitcoin was created in decentralized manner in order to gives us financial freedom not to completely substitute paper currency.

All these new technologies you mentioned cannot be compared bitcoin in terms of acceptance because it has entirely different functions. Bitcoin is a digital currency that its transaction is transparent, people who are yet to adopt bitcoin did not have good knowledge about or they don't have money to invest in bitcoin, while people using AI and other technologies are using them to ease their work.

[Zaguru12]

will it possible entirely replace traditional paper money in the next 10 years where few countries already taken step and work for vision 2030.AI and others developed technology already worked in it and people accepted happily.Public acceptance will heavily influence in every invention.It's essential for me to understand what will happen if the paper money is out of Bank how people survive with new currency ?

If your question is about the use of paper money I will tell you that its usage will drastically reduce as we move on. Digital currency although if it can’t replace paper money totally will actually subdue its usage and this is proven by the government trying to bring the CBDC or the cashless policy we are having today. The only thing that will actually prevent its total replacement to digital currency is because of factors like easy accessibility to internet to all environments if not, few People will use it again.

Even if digital currency is to be the replacement will it be bitcoin totally? I would say no because bitcoin has some features that will prevent it from becoming the only currency for payments. First is it’s limited block size, just like we have seen in recent weeks how expensive it is to pay fees for transactions imagine everyone trying to use it everyday it will be become more congested and as such be a little bit expensive for small or micro transactions. Also the limited amount of bitcoin (21 million) is a factor that has made some people treat it more as a store of value rather than an alternative means for payment

[Jaycoinz]

some people believe that cryptocurrencies could play a more significant role in the future, it's challenged to paper money for using in future but is it really possible to beat paper money for Bitcoin ? Prediction about Bitcoin is more complicated rather other cryptocurrencies.will it possible entirely replace traditional paper money in the next 10 years where few countries already taken step and work for vision 2030.AI and others developed technology already worked in it and people accepted happily.Public acceptance will heavily influence in every invention.It's essential for me to understand what will happen if the paper money is out of Bank how people survive with new currency ?

I don't know if you have heard about this popular statement "change is constant". This is the only thing nature and human race have agreed on so the possibility of paper being kicked out and being replaced by digital Bitcoin is very much big and I think time is just the prime factor to that determinant. Before now the world wasn't very familiar with paper money but change and evolution came in and it accepted whether they like or not and I feel thats same thing that's gonna happen although it might take long but this adoption is very much there and before you know people view will change especially the government. My government has already changed their view and lifted a ban already implanted on restrictions of transaction between the local fiat bank and crypto transaction but it was lifted this late part of 2023 and this brings positive hope for Bitcoin users in the nation.

[Obim34]

I still do not think if it is possible for Bitcoin to be legally accepted and used by every countries in the world, even if it those, what are the chances of everyone making use of it in exchange of service. 10yrs is actually a short term frame for majority of the countries to accept as part of their currency.
Many still find the paper money very easier to use and most of our aged people are no good with Blockchain Innovation and technology and so they are more prone to making mistakes which will cost them into loosing their money.
The paper money should still retain its value as it is important to the majority, allowing those who would prefer Bitcoin as their better option base on one's choice.

[DubemIfedigbo001]

When will people start to understand that bitcoin is not competing against fiat?., both are totally different innovations and has different usage and specialization. Bitcoin was created to tackle a problem of unnecessary government policies and infringement on people's funds. It gives people total control of their money, encourage privacy, anonymity, reduced liquidity (it increases in value compared to fiat that reduces its value over time),  transparency and investment opportunity.
Fiat solved its own problem of physical tender that you can use for immediate purchase and day to day activities. Let's be realistic here, you go to a restaurant, have a meal and you need to meet up with an appointment, you wouldn't pay with bitcoin, having in mind that it might take some time to be confirmed and sent to the receiving address, in that case, you could pay with fiat, even cash to be faster, but you can order for goods, pay with bitcoin and get your good delivered when transaction is successful.
The unique selling point of bitcoin is that you're in control of your money and government policies can't prevent you from spending your money as you wish as compared to fiat, and you can live a private life and still do your things happily without any third party involvement. Bitcoin is an alternative to fiat and not a competitor to fiat. This misconceptions are sold widely by individuals and government and its the major thing scaring people from mass adoption of bitcoin. With  proper sensitization, people will begin to see bitcoin as an asset rather than a threat.

[Zoomic]

some people believe that cryptocurrencies could play a more significant role in the future, it's challenged to paper money for using in future but is it really possible to beat paper money for Bitcoin ? Prediction about Bitcoin is more complicated rather other cryptocurrencies.will it possible entirely replace traditional paper money in the next 10 years where few countries already taken step and work for vision 2030.AI and others developed technology already worked in it and people accepted happily.Public acceptance will heavily influence in every invention.It's essential for me to understand what will happen if the paper money is out of Bank how people survive with new currency ?

You have a lot to learn about Bitcoin. First I want to let you know that Bitcoin will never replace Fiat (paper money), that is not the original purpose for which Bitcoin was created.  Satoshi Nakamoto introduced Bitcoin to serve as a means of peer-to-peer payments. Its purpose was to compliment the fiat and not to compete with it. Since it's creation, Bitcoin has not only served as a means of payment but also as a form of investment because it has proven over the years to be a good store of value, it is safe to call it the digital gold. And as for general acceptance, we are gradually getting there. The percentage of people embracing Bitcoin is increasing by the day and with time, even the government who are being arrogant now will succumb.

[FinneysTrueVision]

Cryptocurrency isn't going to replace traditional currency anytime soon, not even by 2030. Nobody has come close to solving the scaling issues with decentralized currencies. The more scalable a cryptocurrency is, the closer they are to being traditional fiat. There is also the fact that governments don't want crypto to succeed and will put up every obstacle imaginable to impede its adoption. They only allow it to exist because they can force all kinds of regulation on the industry.