Can BTC replace our fiat cash?

[lepbagong]

Crypto is better for online transcation to avoid high fees .
I didn't think that this is possible that crypto replace fait because Crypto is a online currency as well it's price didn't stable at any time . Many users feel difficulty while they used them . Alot of people surely going to be spammed by hackers .

With technological advances, it is clear that crypto can adjust to needs that are very necessary, but I personally agree with you that crypto cannot replace fiat because fiat is the main staple in economic transactions of everyone and in any country. but crypto will be a companion and cover the shortcomings that exist in fiat, so crypto will also be needed and be able to adjust.

[Black ID]

This really depends on the government. If bitcoin could become legal, it would be very easy to replace fiat. but until now there is no clear point for this. But I believe, one day there will be a time when fiat can be replaced by bitcoin.

[Astra]

This really depends on the government. If bitcoin could become legal, it would be very easy to replace fiat. but until now there is no clear point for this. But I believe, one day there will be a time when fiat can be replaced by bitcoin.

It will never happen, don't even dream about it. No state will ever switch to using a decentralized cryptocurrency instead of its national money. The economy of the state can develop only on the basis of national money. Cryptocurrency will quickly deregulate any economy if adopted as the main currency. Therefore, no government will ever agree to this.

[MrSpasybo]

My answer is yes, but very difficult, even if 1BTC = $1M, 1satoshi = 1cent can still be used in daily payments.
Here are a few reasons:
- BTC is easily abused for money laundering or terrorism financing;
- BTC threatens national finances when many people choose BTC as a tool to divest their capital abroad;
- BTC threatens the power of governments to control and manipulate the national economy;
- Payment in BTC requires special equipment and internet.

[I-Bit]

IMO, It can't. BTC is likely to support fiat as another global currency. I don't think that BTC has the power to replace fiat or the current currency in each country in the world. Even if BTC can be the global currency and accepted by all countries around the world, but we must know that not all people can use digital currency in every place. 

[masudginanjar]

There is no way Bitcoin will replace Fiat because Bitcoin does not have a stable price.
Even gold, which has become a benchmark for valuable assets throughout the world, cannot make gold as currency because there are many factors to make it happen.
Moreover, Bitcoin which was just born in 2009 and has an unstable style that makes everyone afraid of losing its price when a Dump occurs.

[Gurujebs]

Have you ever ask why traders and investors keep their money in bitcoin for long and then after a while they withdraw back to stable coins? I know you will say inflation has affected everything within our surroundings but we human are emotional when it comes to where our funds are in.
Bitcoin is a revolutionary currency but many are only move by it increase over time but as soon as they hear negative, they sell back to fiat because they fear it might collapse. The same thing happens during covid-19 as many investors and traders where all removing their funds back to fiat.

[Freemind]

I don't think Bitcoin can replace FIAT money for various reasons. The first reason is the ignorance of Bitcoin by a large part of the population, although lately more can be seen on TV and other media due to its new ATH. The second reason is the age of the world population, as a very simple example there are people (the oldest) who still do not know how to send an SMS, I cannot imagine those people opening Electrum and encrypting private keys. The third reason is the one we know best, banks (although more are being added lately), governments and other institutions that do not allow the state to change.

Those are just some of the reasons many people would not replace their FIAT for Bitcoin, especially out of fear of the unknown and digital ignorance.

[Proton]

Bitcoin cannot replace paper money. In addition, for this to happen, an appropriate government decision is needed. However, no state will ever make such a decision. States operate on completely different economic principles than decentralized cryptocurrency.

[Prime]

I don't think BTC can replace the function of Fiat in daily life. Bitcoin is digital money, cannot be used in any place that is hard to access the internet. Also, not all people know it, in the village people are not familiar with Bitcoin. So, I think Fiat cannot be replaced, BTC can function as additional global currency.

[Tanimariya]

The market for bitcoin is constantly going to be good. The market value of Bitcoin is increasing. The price of Bitcoin is constantly rising as the demand of the people increases. Bitcoin price increases depending on demand. So the demand for Bitcoin is constantly increasing in different countries. Will be used as an alternative to future money.

[Mbah Jenggot]

Do you think BTC can replace Fiat money?

Everything can be happen at coming future. I think Bitcoin and others crypto have potential to replace fiat money at the coming future. Because I always believed digital era will come and we will see alof of digital currency there.

[rizqillah]

Do you think BTC can replace Fiat money?

Everything can be happen at coming future. I think Bitcoin and others crypto have potential to replace fiat money at the coming future. Because I always believed digital era will come and we will see alof of digital currency there.

But I think It will take several years again. I don't think It will happen soon. I always believed crypto currency will replace fiat cash at the coming future. Because we all know, crypto currency will be the future currency.

[0t3p0t]

Do you think BTC can replace Fiat money?

It is too hard to speculate but maybe in the future nothing is impossible. Our way to cashless society is not that fast but it is slowly getting into reality so it is not possible. They both have different technology but people wants a decentralized and a revolutionary currency that is future proof and far from inflation.

[sneakyboi]

I think in the future, yes? But in the present times, It is impossible to replace fiat money with Bitcoin because all of sudden economies will crash, unemployment increases and many more negative changes. But for now, it is better if it stays the same.