Bitcoin is a substitute for paper money

[I-Bit]

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

NO
This world has Fiat that is regulated by the government and also world bank. There are complicated process and also parties around fiat and bank systems in the world. Thye will no let Bitcoin to replace fiat. Btw, Bitcoin can be one of the accepetd currencies, but not for replacing. This is my opinion

[Max Way]

NO
This world has Fiat that is regulated by the government and also world bank. There are complicated process and also parties around fiat and bank systems in the world. Thye will no let Bitcoin to replace fiat. Btw, Bitcoin can be one of the accepetd currencies, but not for replacing. This is my opinion

Indeed, it is very impossible if you have to replace currency, because if the payment instrument uses bitcoin then the state of the country can refer to depending on the BTC price (possibly). This is what I don't want, because as we all know price fluctuations are the main factor.

[cheezcarls]

Despite the capabilities of Bitcoin in being decentralized and gives full custody and freedom to users like us, it won’t be likely a paper money substitute.

First of all, Bitcoin’s price is subject to volatility and it can go up or down without warning. Even if El Salvador and Central African Republic have made Bitcoin a legal tender, it’s just being treated like an alternative payment option only for buying goods and services and not as the main option.

Sorry but it’s unlikely for this to happen on Bitcoin becoming a paper money substitute.

[Senin]

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

Yes, It can..
Bit I think It will take along years again, not easy to  change teh habbits.
The government also didnt accept bitcoin yet
There are many negative isssue

This is absolutely out of the question. A decentralized cryptocurrency will never replace government paper money. Cryptocurrency is simply not capable of this from any side. In such a situation, the state simply will not be able to plan and control its economy. There will be total chaos. Cryptocurrency can successfully work as a parallel means of payment, but replacing the national currency, especially paper, is nothing more than a fantasy.

[silkytakyaan86]

According to me it is not possible. Not in the present time. Yes, we can imagine for the future. But after a long time, that's because bitcoin is a digital currency. And paper money is the currency of every country. One who follows the rule of law.

[ritiktakyan01]

Bitcoin is a very high growth coin in a very short time. Most of the people like bitcoin. Bitcoin is spreading its roots all over the world, rapidly. Looking at all this I think. That in the future bitcoin will take the form of paper money.

[Hisbullah]

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

No, I don't believe it will happen.
Bitcoin is digital assets and always unstable.
Bitcoin is no high volatile.
I think It's not  suitable to replace paper money

[de_prof]

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

By seeing the bitcoin progress, I think bitcoin has potential to be.
But many government against bitcoin, I think It's the reason why it will be impossible to happen
Bitcoin will never be substitute for  paper money

[densus88]

Bitcoin is digital asset but has potential to be payment method, maybe could be substitute for paper money at the coming future when the government allow and accept bitcoin as payment method.
Hopefully it will happen soon.

[nakmantu99]

Bitcoin is digital asset but has potential to be payment method, maybe could be substitute for paper money at the coming future when the government allow and accept bitcoin as payment method.
Hopefully it will happen soon.

I don't believe bitcoin will be substitute for paper money.
I think it seems difficult because bitcoin is high volatile and anonymous.
I believe the government will never allow it.

[Monster5]

Nowadays digital currency has gained a lot of popularity all over the world. And more people use virtual currency than paper currency. They believe virtual currency is much better and hassle free than paper currency. So all the experts think that in the future there will be no paper currency in the world and all will become digital currency.

[Ghozrd]

It's hard to tell the truth, the government doesn't want Fiat money to disappear because they can easily regulate it, for Bitcoin I don't think it can be replaced with paper money, because it is almost the same as gold and money, the two cannot be separated.

[satpol_PP]

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

No It won't be. I don't believe bitcoin will replace the role of paper Money at the coming future..
Because I see crypto currency is unstable and I think It's difficult to be substitute for paper money.

[Mahindra]

Virtual world has become one of the most popular trusts among people currently. Because in this digital world, virtual currency transactions have started in almost all countries. Due to which people are currently mostly leaning towards virtual currency. Experts believe that in the future there will be no paper money and all transactions will be done through virtual.

[Astra]

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.

Bitcoin will never be able to replace paper money. This is excluded in principle, because this process requires certain actions of the state and its government. And the state and its structural bodies will never agree to this, because bitcoin cannot, due to its decentralized nature, serve the economy of the state. States in their current form will cease to exist if they allow cryptocurrencies to function in place of their fiat. Therefore, this is simply impossible.