Do you think Bitcoin will surpass fiat money?

[Altcoin1998$]

Fiat money support by governments and central bank but bitcoin a virtual cryptocurrency which have no support of bank and governments. But bitcoin has a privacy without taxes. So if banks and governments supports bitcoin then taxes should be paid in mandatory.

[mlawson71]

That's a good point actually. Do you think that will help it or hinder it?

[bayiajaib]

Fiat money support by governments and central bank but bitcoin a virtual cryptocurrency which have no support of bank and governments. But bitcoin has a privacy without taxes. So if banks and governments supports bitcoin then taxes should be paid in mandatory.

Yes you are right, bitcoin hasn't been supported by bank and government. So I don't believe bitcoin will surpass fiat money. Maybe the value of bitcoin will higher than fiat money, but It cannot replace fiat money.

[sampoerna]

I really want to ask, what did you mean by surprising fiat money? Is it for replacing fiat? I don't think so. I always say that replacing fiat as the currency is very difficult to do. Because:
- Many people are not ready for that big change
- Government will not accept it
- It relates to the bank, and banks will not accept it
- Bitcoin is very volatile and it will make it difficult to be daily payment
- People in developing countries are not ready yet

[Lukamaxin]

what do you think guys?

The popularity and the price and also generation want these reason will the btc powerful and faithful asset for next generation so after 5 years later it will really be a surpass fiat money in the world .

[flyaccount]

I feel that Bitcoin cannot replace fiat money. Because this Bitcoin has not yet received approval. And it will also be difficult to make Bitcoin able to become an official currency. With the value of Bitcoin which is not fixed, it is difficult to make it a means of payment.

[anshor1]

what do you think guys?

I don't think it will happen. Bitcoin will not surpass fiat money. Bitcoin is very potential and so popular coin. But every countries have own fiat money, they will against bitcoin, if bitcoin will surpass fiat money.

[Cristiano]

That's right, governments find it difficult to use Bitcoin.  But cryptocurrency is not under any government.  Cryptocurrencies run on their own.  However, if cryptocurrency is not legalized in a country, it will never be able to operate in that country.  If you can, it will be difficult.

[Jaguar]

Fiat money support by governments and central bank but bitcoin a virtual cryptocurrency which have no support of bank and governments. But bitcoin has a privacy without taxes. So if banks and governments supports bitcoin then taxes should be paid in mandatory.

Yes you are right, bitcoin hasn't been supported by bank and government. So I don't believe bitcoin will surpass fiat money. Maybe the value of bitcoin will higher than fiat money, but It cannot replace fiat money.

Banks doesn't want bitcoin investment because they know that the people wants higher profit than  small after many years. Bitcoin investment is higher risk at the same time higher opportunity to earn much profitable than banks. In the future bitcoin will surpass fiat because of new technology approach.

[Shahinaz]

not all countries support bitcoin, and it is unlikely to beat the value of fiat money, bitcoin only triumphs on digital money not in real money

[Sasa]

Honestly, what do you mean, brother? I don't understand your topic very well. You said Fiat money. I didn't understand what you meant by Fiat money.  I would like to ask the senior brothers of this forum what Fiat money means.  If any brother knows this well, he must help me.  If the senior brothers do not help us in this matter, then we will not know anything.

[Zero0]

i think no .. bitcoins didnt have taxes thats why government didnt support it.

Yes brother you are right the government never wants to legalize bitcoin because the government has no control over bitcoin. The government does not pay any taxes. So the governments of some countries do not want to legalize Bitcoin.

[ShadowCrypto]

Not bitcoin I think, Bitcoin has a lot of issues to be used as everyday money, cryptocurrencies like BCH works better for this purpose, BTC can be used yes, but no to pay for a coffee, a donut, or something cheap like that.

[Hamida]

what do you think guys?

No, It is really difficult. Bitcoin wil not surpass fiat money. Every countries will protect their own national currency.

[mahid]

I think in this subject will only say after when BTC will surpass as every countries to ligal way survive .If every country's govt accept it normally and also not any steps to anything to nursing anyways the BTC will surpass fiat money definitely .