Can bitcoin replace money?

[88percent]

Bitcoin itself is still not fully accepted as a digital currency by many countries and companies and banks in this world. So that Bitcoin won't be able to easily replace fiat money. I think Bitcoin will need hard work and a long time to be able to defeat fiat Money in the eyes of the world.

[Sabarhati]

bitcoin will not be able to replace paper money, moreover bitcoin cannot be accepted by various countries in the world

[Putih]

The possibility of thin bitcoin will replace money, many countries have not legalized bitcoin, and the world is not ready to accept bitcoin as money because its value is unstable.

[aqury]

At the beginning of the cryptocurrency boom, Bitcoin seemed to be the unquestioned leader. Up until early this year, Bitcoin accounted for the vast majority of the industry’s market capitalization; then, in a span of just weeks, Ethereum, Ripple, and other currencies rushed to catch up. While Bitcoin is still in the lead, the rapid turnover in the industry has some analysts debating if cryptocurrencies are actually currencies.

[Noel26]

The possibility of thin bitcoin will replace money, many countries have not legalized bitcoin, and the world is not ready to accept bitcoin as money because its value is unstable.

For now I believe that it is really hard to say that the bitcoin will replace fiat because fiat is really the most trusted way of paying. I believe that there are still many people around the globe that didn't even know what is crypto yet, and how does it works, crypto is really amazing bit I think it needs to take a lot of time in order for crypto to become more fluent to used or maybe usable by all people. Because I believe that there are still many people around that didn't know that crypto exist.

[gribble]

I am sure that someday Bitcoin will be accepted by all countries in the world as a single digital currency that will apply throughout the world. but I don't think, that bitcoin will be able to replace fiat money. because after all, fiat money is still needed by the public, while Bitcoin will only be used by modern people who have high knowledge. about technology

[aiviaa485]

It will never happen if Bitcoin will replace Money.
Just look at how it works Oil and Gold always side by side with FIAT money, then Bitcoin is the same and will not be able to use Fiat Money but will continue to side with Fiat.

[Sabarhati]

yes, even though bitcoin is able to be accepted by all countries in the world, but it will not be able to replace the position of fiat money, especially fiat money is a symbol of a country

[Gedang goreng]

bitcoin is like valuable gold, capable of being exchanged with anything between countries in the world, but it cannot replace fiat money which has always been a symbol of a country

[Dian]

That will happen if everyone understands bitcoin and the government accepts bitcoin and makes it a legitimate currency, but it will be difficult because there are still many people who consider bitcoin too risky to be a legitimate currency.

[samanti]

It's no coincidence that the rally we're seeing right now began soon after Tax Day. Many bitcoin and altcoin investors likely liquidated some of their holdings ahead of the filing deadline to cover capital gains taxes from last year and are now getting back into the trade.

[maklampir]

Bitcoin also has several problems that make it difficult to replace conventional currencies. For example, Bitcoin does not have an underlying and is not centralized. In addition, Bitcoin does not have a deposit and credit mechanism like conventional currencies.

[Joe Taslim]

bitcoin does have a function that is not much different with money.  but by no means capable of replacing bitcoin money. money has a historical identity and self-evaluation for a country that is not owned by the bitcoin.

[idhunter]

Maybe Bitcoin can replace money. But that is not possible now. Because money is still very much needed and used for everyday transactions. I think that all Bitcoin users here still use money. So Bitcoin will find it difficult to replace money. Because money is ingrained in everyone in this world.

[rapheal]

Bitcoin does not replace cash, bitcoin makes payments fast, easy and does not depend  on banks and credit institution.But at present bitcoin is mainly used as as investment asset.Not really used as currency.