Is bitcoin and cryptocurency the future of money?

[BrolySSJ]

Bitcoin, an electronic coin, was the first cryptocurrency, which was introduced in the year 2009. Since then, several different cryptocurrencies have sprung up and are making rounds in the market. Bitcoin is a part of a decentralized and distributed digital cash system, which is measured using the digital ledger known as the blockchain transaction database. So, if your next questions are "why use cryptocurrencies" or "why use Bitcoin", then read on to get the answers for these queries.

I think that bitcoin will play a huge role in the future of the financial economies for each of the respective countries as well as the global economy as well. It is the future of money in the sense that it does offer as a way to transact using technological means and doing so with low transaction fees and quick transaction times as well over global borders that we previously were unable to maneuver. Right now I think that the only thing that is holding back cryptocurrency and Bitcoin is the government acceptance of it in many countries.

 

[Hassan14]

Bitcoin, an electronic coin, was the first cryptocurrency, which was introduced in the year 2009. Since then, several different cryptocurrencies have sprung up and are making rounds in the market. Bitcoin is a part of a decentralized and distributed digital cash system, which is measured using the digital ledger known as the blockchain transaction database. So, if your next questions are "why use cryptocurrencies" or "why use Bitcoin", then read on to get the answers for these queries.

It can be said that cryptocurrency and whatever currency is cryptocurrency, we can consider them as money in the future. Many people are interested in it and are investing in it and they get a lot of money in one day. The reason why people are interested in it is because I think that corrupt currency can be considered as money in the future.

 

[WhiteHouse]

As I would see it, digital money is the future however I don't consider it to be a parallel arrangement.

Bitcoin, altcoins, bankcoins, stablecoins; all have a spot in worldwide economy. Some will be utilized carefully as store of significant worth, others as Inter-bank monetary forms, others as cross-line liquidity.

In the end, all monetary standards will be cryptographic, and regardless of whether you scorn Bitcoin, you'll need to acknowledge your compensation in bankcoins or stablecoins. Without a doubt, the vast majority will store their compensation on their cell phone in a cryptographic wallet, with a decision of having protection for your wallet in the event that you need it.

 

[Dubai]

Bitcoin, an electronic coin, was the first cryptocurrency, which was introduced in the year 2009. Since then, several different cryptocurrencies have sprung up and are making rounds in the market. Bitcoin is a part of a decentralized and distributed digital cash system, which is measured using the digital ledger known as the blockchain transaction database. So, if your next questions are "why use cryptocurrencies" or "why use Bitcoin", then read on to get the answers for these queries.

Unless a major innovation comes up to disrupt the current status quo, then Bitcoin is the future of money globally. With time it would be the most widely used legal tender and this will at the same time solidify its place in the league of international money transactions.

 

[ahmedo24]

Obviously yes, but can serve some region in the world. People's engagement to cryptocurrency is overwhelming. So definitely if any coin is really serving people there's tendency of it been the future moeny. It will make life easier and enhance world financial system.

That's just it, ripple was seriously moving in this direction but the law suit though if ripple should recover it is gonna serve more purpose . Bitcoin is currently the best coin serving all purposes now especially investment.

 

[Mujahid12]

Bitcoin, an electronic coin, was the first cryptocurrency, which was introduced in the year 2009. Since then, several different cryptocurrencies have sprung up and are making rounds in the market. Bitcoin is a part of a decentralized and distributed digital cash system, which is measured using the digital ledger known as the blockchain transaction database. So, if your next questions are "why use cryptocurrencies" or "why use Bitcoin", then read on to get the answers for these queries.

Cryptocurrencies and bitcoins are going to succeed day by day and their future is looking very bright as people are taking a lot of interest in it and people's awareness and engagement is increasing towards cryptocurrency.

 

[mcjerry]

Yes we can say that these currencies will be future of money. It's volatility is everything, as it attracts people and investors to invest into crypto currency World. Now about Four thousands currencies are into Crypto currencies . Now there will be increase in values plus crypto currencies as there were only Two thousands currencies at the end of 2019. This is the sign of CC in future.

The number of new crypto currency is increasing everyday . But it is not all the coin that will last long. Bitcoin is the future. Even Ellon musk is accepting crypto currency and alsomany big investors are now investing in crypto currency

 

[Ehizzy1]

I think with the way the world is evolving i think its going to happen soon , since there is no more usage of digital currency , only that in some countries there would be rapid usage , but in some countries where they still lack high usage it might be delayed and may not be used every time , but i would love it if people start using crypto transaction despite the flunctuation

 

[Bart Simpson]

Yeah bit coin and other crytpo currencies or crypto coins can be said to be the future of money , as at now its even taking place most people gets paid in Cryptos now a days so I think its already taking place now, Cryptos coins can be said to be an asset from my own point of view.

 

[Osaz96]

Most definitely cryptocurrency is the future of money. The world is gradually accepting crypto although some countries are accepting it more than other countries are but in a short time it’s would become widely accepted. Even if cryptocurrency doesn’t become a main means of exchange in the world, it would definitely become one of the legally accepted means of exchange.

 

[Ayokex]

It is better to enter into a partnership agreement than selling a business idea for lack of capital. There are certain set of people who are called angel investors. These people are blessed with money and always scouting around for who to partner with in business. They are ready to fund your business idea as long as it's good. When you're in partnership you still have some ownership right of the business but if you sell the idea that's the end and very soon you will spend the money and forget everything. It will be painful after sometimes and you see the idea you sold blooming in the market.

 

[ahmedo24]

Most definitely cryptocurrency is the future of money. The world is gradually accepting crypto although some countries are accepting it more than other countries are but in a short time it’s would become widely accepted. Even if cryptocurrency doesn’t become a main means of exchange in the world, it would definitely become one of the legally accepted means of exchange.

Let hope it becomes legal accepted means of Exchange because I am not seeing any big sign that it will be globally accepted but people will continue to trade, hold and Exchange it which is normal to me

 

[Shivay]

Let hope it becomes legal accepted means of Exchange because I am not seeing any big sign that it will be globally accepted but people will continue to trade, hold and Exchange it which is normal to me

Yes traders like us will be keep going with our trades but soke countries are a bit concerned aboutcl cryptocurrencies like Narendra Modi and Joe Biden , they will definitely bring bitcoin as an official exchange.

 

[Usman Sattar]

Though the concept came was introduced a few years ago, a common doubt that arises in most of our minds is "What is cryptocurrency"? Cryptocurrency is a type of digital asset, which is a medium of exchange in different types of transactions using cryptography. This medium of exchange also helps in controlling the creation of additional currency units. Though there has been a lot of talks and press releases about cryptocurrency, not many people and businesses are aware of this concept. It is important that more and more people become aware of the impact of cryptocurrency and its uses.

 

[Richmond funke abosede]

Cryptocurrencies and digital money at large are the future of money, that much is clear, but in order for cryptocurrencies to fully generate and create the promised benefits it is increasingly clear that incumbent institutions must be brought into the conversation.Deutsche Bank sees that by 2030 digital currencies will rise to over 200 million users. ... Deutsche Bank made a very bold statement. The German bank published a research report called Imagine 2030. In this report the bank says that cryptocurrencies are currently just additions to the current money payment system.
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Cryptocurrencies and digital money at large are the future of money, that much is clear, but in order for cryptocurrencies to fully generate and create the promised benefits it is increasingly clear that incumbent institutions must be brought into the conversation.Deutsche Bank sees that by 2030 digital currencies will rise to over 200 million users. ... Deutsche Bank made a very bold statement. The German bank published a research report called Imagine 2030. In this report the bank says that cryptocurrencies are currently just additions to the current money payment system.

 

[Thosynho]

Bitcoin, an electronic coin, was the first cryptocurrency, which was introduced in the year 2009. Since then, several different cryptocurrencies have sprung up and are making rounds in the market. Bitcoin is a part of a decentralized and distributed digital cash system, which is measured using the digital ledger known as the blockchain transaction database. So, if your next questions are "why use cryptocurrencies" or "why use Bitcoin", then read on to get the answers for these queries.

Personally I see Bitcoin and other crypto currencies standing at a vintage advantage over fiat currencies. This is because many countries are embracing cashless economy which placed crypto currencies at a good advantage.

 

[Omonijo01]

We can all day yes because of their massive development but we can never tell government opinions is the final. They can do and undo

 

[ahmedo24]

Personally I see Bitcoin and other crypto currencies standing at a vintage advantage over fiat currencies. This is because many countries are embracing cashless economy which placed crypto currencies at a good advantage.

Not really because the countries embracing cashless economy will still prefer their dealings via stable coins instead of Crypto currencies as many people are not comfortable with the idea of fluctuations.

 

[iamgroot]

Bitcoin, an electronic coin, was the first cryptocurrency, which was introduced in the year 2009. Since then, several different cryptocurrencies have sprung up and are making rounds in the market. Bitcoin is a part of a decentralized and distributed digital cash system, which is measured using the digital ledger known as the blockchain transaction database. So, if your next questions are "why use cryptocurrencies" or "why use Bitcoin", then read on to get the answers for these queries.

It is possible, many are already consumers and continue to enjoy virtual currencies. It will not be long before it replaces physical currencies, but it will not be easy especially for the uninitiated, it can be said that uneducated individuals and the elderly, because the wallet will serve as smartphones. For us, things will be easy because we already have knowledge of it and already know the trend, but what about them?

 

[Trojan8]

I am actually of the opinion that it is the next stage in the evolution of money. We are already going digital with the way money is being handled and used. So why not create go the way of digital currencies and make everything automated. I think this would happen earlier than most of us would have imagined.