Do you think Bitcoin will surpass fiat money?

[I-Bit]

Surpass the function as the payment tool or as the asset? If you talk about the function as a payment tool, Fiat is still stronger and hard to replace by Bitcoin. Also, personally I think Fiat is always needed because of the limitation to use the internet. So, people won't use Bitcoin only for payment tool, even in the future.

[Mbah Jenggot]

what do you think guys?

Maybe It is possible,  But It will happen at the next  future,  when the crypto currencies  are more popular  and be needed  at the world.  For now,  I don't think  bitcoin  can surpass fiat money.  Becaue  I see bitcoin has blocked  by several  countries.  They didn't  support  bitcoin. 

[TERMINO]

No for now, maybe later. Human transaction history had nothing to do with money. In fact, it was agreement in both parties

Bartering and Livestock
Bartering was an advantageous way to exchange goods and services for people many years ago because it enabled both parties to get what they needed. For example, two parties might exchange tools for services to fulfill the needs of both people. Livestock was also considered wealth that people could amass. The more cows or sheep someone owned, the wealthier they were.
People have engaged in commerce to exchange goods and services for payment throughout the ages. These financial transactions did not always involve monetary payments. There was a time when standard money did not even exist and people utilized other forms of payment to perform transactions. With the evolution of technology, money and payments have changed drastically. Current credit card processing technology and advanced business solutions make financial transactions possible at almost any time and virtually any place.
 

Time will come that people will change the way we transac this days. Fiat will become part of history when everybody adopt Bitcoin legally.

[dodok]

In my opinion, BTC for the future the price will exceed fiat money, but for its function bitcoin cannot exceed fiat money because not all countries can accept bitcoin for transactions, but if the price maybe bitcoin will be able to exceed fiat money.

[Gubre]

When it comes about surpassing the price it had been done many years ago up until now but when it comes about being the global type of digital money globally in exchange of fiat is hard to tell.

[ShadowCrypto]

The Grayscale Bitcoin trust owns over 400,000 Bitcoin
This pullback isn't big if we are looking at ETH or BTC. But if BTC does break below $11k that won't be good

[elbans89]

what do you think guys?

No mate, Bitcoin will not surpass fiat money. I think many countries will have Blockchain technology for their Crypto currency at the coming future. They will support their currency, not Bitcoin. At several countries, Bitcoin have Ben blocked.

[mahid]

I don't think so because there are many countries in the world where bitcoin is not allowed. So how can it be possible for bitcoin to surpass fiat money.

[Nboramir]

I am reporting from 2020. As of the year btc is not alone but cryptocurrency has achieved this.

[LaZim]

I think bitcoin will replace Fiat money in the distant future. Only it will be a different bitcoin. It will be faster and cheaper.And the rate will not be so volatile.

[babu10]

what do you think guys?

I think its impossible because maximum government still not accepting BTC and at the same time fiat money also making transaction digitally just by one click. People not carry now fiat money that was risk and also can make transaction fiat money by credit or debit card. I think in future there would be a competition b2n fiat money and digital currency.

thanks.

[Pirate]

It doesn't seem like a friend, because bitcoin cannot be completely controlled by the government or anyone, so in my opinion bitcoin is only part of certain investments and transactions, whereas fiat money is completely controllable.

[Senin]

I think bitcoin will replace Fiat money in the distant future. Only it will be a different bitcoin. It will be faster and cheaper.And the rate will not be so volatile.

No, bitcoin will never surpass the currency of states. It was created as an alternative means of payment for this currency, but it will always be with the currencies of states and is not able to replace them.
In order for bitcoin to replace the currency of states, the consent of their governments is needed, and this simply cannot be. The economy of states cannot operate on a decentralized cryptocurrency. Cryptocurrency will deregulate the economy of any strong state in a few days.

[MrSpasybo]

As we have seen, BTC was once the most valuable cryptocurrency in the world, when 1 BTC = $10 000. Currently 1 YFI = $35 000.
Thus, in value, BTC has surpassed fiat thanks to its scarcity.
In terms of adoption, BTC needs more time, governments have not yet accepted to share power, the people themselves do not fully understand and understand the value of crypto in the economy.

[mlawson71]

I think that until the scam issue is put under control, cryptos won't become the main currency globally. I doubt this issue will ever be solved entirely - after all, plenty of people use fiat currencies to scam people too, but people literally lose billions to crypto scams, while cryptos are owned by a very small portion of the human population still.