Bitcoin is a substitute for paper money

[Domithra]

Paper money is gradually fading out of the system because digital currencies are taking the lead. This is because digital currencies or money provide convenience to the people as compared to the paper money which is too cumbersome to carry along huge sums of money. In the field of digital money or currency, cryptocurrency has emerged with tremendous features which provide more convenience, security, speed and low cost in its transactions which makes its king, Bitcoin, the most outstanding coin capable of surpassing the other forms of digital currencies which may include the use of credit cards, paypal, visa, etc.

[Rokis]

Paper money is gradually fading out of the system because digital currencies are taking the lead. This is because digital currencies or money provide convenience to the people as compared to the paper money which is too cumbersome to carry along huge sums of money. In the field of digital money or currency, cryptocurrency has emerged with tremendous features which provide more convenience, security, speed and low cost in its transactions which makes its king, Bitcoin, the most outstanding coin capable of surpassing the other forms of digital currencies which may include the use of credit cards, paypal, visa, etc.

The convenience of digital currency is obvious. This is a major advantage over paper. I think Bitcoin will be a means of payment only after the introduction of the 5G network and when people completely give up paper money. It will be a globalization of the population. The trend shows that we are rapidly moving in this direction.

[tervel]

Bitcoin fundamentally different from a fiat currency, which is backed by the full faith and credit of its government.BTC to replace paper money will takes a long time and a prolonged war with governments.

[tsakf]

Bitcoin fundamentally different from a fiat currency, which is backed by the full faith and credit of its government.BTC to replace paper money will takes a long time and a prolonged war with governments.

Yes, exactly. Fiat currency, is already digital, with credit cards and bank mobile wallet software. It's not about digital/paper money. Bitcoin is about gov controlled or not.

[Noverteno]

Can Bitcoin replace the role of paper money in the future?

No, bitcoin will never be able, and it will not be able to replace paper money. Bitcoin, like all cryptocurrencies, was created as an alternative means of payment to the current payment system. Cryptocurrency was not going to replace fiat in any form and is not going to. And with a strong desire, this should only be a government decision. And we have known the government's opinion on this issue for a long time.

[pieppiep]

Can Bitcoin replace the role of paper money in the future?

No, bitcoin will never be able, and it will not be able to replace paper money. Bitcoin, like all cryptocurrencies, was created as an alternative means of payment to the current payment system. Cryptocurrency was not going to replace fiat in any form and is not going to. And with a strong desire, this should only be a government decision. And we have known the government's opinion on this issue for a long time.

paper money can never be replaced by bitcoin, it's just that as time develops and technology develops, more and more people will use digital currencies such as bitcoin, so maybe paper money and digital currency in the future will still exist and both will still be used.

[shadowdio]

Well maybe in the future we will use digital money or bitcoin and the paper money will not be exist anymore.. but I'm not so sure if this really happen in the future because there are some people will prefer paper money..

[Afony]

This will definitely happen when we use only electronic money, it is already slowly coming to this. We will look on the good side when everyone switches to electronic payments, it is fast and reliable.

[elbans89]

Can Bitcoin replace the role of paper money in the future?

Yes, It can.
But I think It will take several years again.
Paper money will be replaced by bitcoin and altcoins, because As many people said digital era will come soon.
Lets see.

[Freemind]

Yes, It can.
But I think It will take several years again.
Paper money will be replaced by bitcoin and altcoins, because As many people said digital era will come soon.
Lets see.

I think it would take decades and it still wouldn't be 100%. Keep in mind that not everyone likes cryptocurrencies, there are areas where it could not be used since there is no type of internet connection and that it would be very difficult to educate the world population on the basic use of blockchain and cryptocurrencies. Cryptocurrencies and FIAT will always coexist, since there are also governments that would never implement them, out of fear or ignorance

[Fenix]

This will definitely happen when we use only electronic money, it is already slowly coming to this. We will look on the good side when everyone switches to electronic payments, it is fast and reliable.

This can happen if our planet does not have big wars, global cataclysms and the climate does not change so much that people will starve to death and there will be no time for the development of electronic technology. And since, according to the history of mankind, wars and cataclysms occur regularly in our country, and the climate changes very sharply every year, it is always better in the field of finance to have a backup option in the form of paper money. Otherwise, we will have to return to barter transactions or use some other physical objects or values ​​as money.

[Beattysuhita]

Everyone has a prediction for the continuation of this Bitcoin, indeed Bitcoin is created as a digital currency where its use will always depend on the internet channel. And I think this will be difficult to realize if Bitcoin is forced to replace paper money, because we will not always be connected to the Internet. I agree if this Bitcoin is used as an alternative payment from conventional money.

[mlawson71]

True. That said, the same applies to CBDCs, and that has not stopped governments from developing them.

[KaliLinux]

Can Bitcoin replace the role of paper money in the future?

I don't know why people keep thinking this, yes we know that fiat currency has the devaluation effect due to inflation but I really don't see Bitcoin replacing Fiat money and this is not to say it can't happen but I don't see it for now. When you look at everything that surrounds cryptocurrency, you would understand that that will not give room for what we currently have where a countries economy is seen as strong because of its monetary policy and crypto takes that away. Which world power country will allow that to happen to their economy? 

[Callisto]

Bitcoin will definitely not replace paper money, because they are paper money, but I think it will soon replace payment systems based on "bank cards", because blockchain is the future, which really solves a number of problems with the payment system.