Is Bitcoin going to become more like cash?

[Grant]

Do you think that bitcoin will become more like cash in the near future? I feel like with the rules that cryptocurrency has to follow, that soon bitcoin may have to become the new form of cash. If it can lock that in, it could be ahead of other cryptocurrency going forward.

 

[Nurudeen]

Bitcoin can never be in form of cash and that's why it's called Digital currency for a reason. So far as I know it's a Digital currency, it doesn't have any feature of coming or working as a cash

 

[Lens]

Bitcoin and cash are two entities and cold not be replaced by each other. I don't see any reason to take both on the functionality. It's true that bitcoin could be used to purchase some goods and also recieved payment online but it's a commodity .

 

[ahmedo24]

Bitcoin can't become cash because bitcoin is digital and I don't think bitcoin is going to be physically minted except it's going up replace the traditional Fiat currency almost all countries in the world.

 

[Georgeadawara]

Bitcoin can’t become cash Becca bitcoin is digital Andy don’t think bitcoin is going to be physically minted except it’s going up replace the traditional fiat currency almost all countries in the world

 

[kayode10]

It is possible because some countries are already adopt crypto currency like bitcoin as their legal tender. also some shopping malls are also installing cryptocurrency ATM machine to facilitate the transaction.

 

[Niftyyem]

There will always be a room for fiat no matter how much bitcoin get globally approved. It wouldn't replace cash but both would exist side by side.

 

[jeff87]

Do you think that bitcoin will become more like cash in the near future? I feel like with the rules that cryptocurrency has to follow, that soon bitcoin may have to become the new form of cash. If it can lock that in, it could be ahead of other cryptocurrency going forward.

Yes of course. It can be used as cash payment to products or services. In the near future I believe that Bitcoin can buy cars, food and drinks and so many more.

 

[eLdavis]

If Bitcoin decides to be like cash in the future then it can nolonger be a digital currency. These are two completely different things, it can only be one at a time l.

 

[HayKay]

There's a possibility it becomes like cash - something like a universally accepted currency. But who then prints it? A bank would at least be needed to issue such notes and by then the aim would be defeated.
The only way it can continually be relevant is being digital

 

[Filicit]

Recently, the government of a country legalised bitcoin as a legal tender that means people could now buy with bitcoin in the market which proves that bitcoin might likely be a means to make money

 

[Dowenship]

Do you think that bitcoin will become more like cash in the near future? I feel like with the rules that cryptocurrency has to follow, that soon bitcoin may have to become the new form of cash. If it can lock that in, it could be ahead of other cryptocurrency going forward.

Actually i don't think bitcoin will become like cash because what is the essence of replacing fiat if is just to become cash... It is digital and remains digital without cash.

 

[GIFTMICHAEL]

That's never the intention of Nakamoto Satoshi. He made BTC first hand to remain as Cryptocurrency, and not paper money, simply digital.

 

[Josemendez]

Well bitcoin is a digital currency and Decentralized one for that . The probability of becoming a cash is very slim. We can only have it as a payment method.

 

[Stylex]

Bitcoin is becoming more like cash
Well I think that's not true because bitcoin is recovering ,no matter how little is recovering its still recovering ,and I hope one day it will fully recover

 

[Suba]

There are many countries that recognize Bitcoin as becoming more like cash, meaning that it can be used as a medium of exchange, but in practice not all stores are willing to accept Bitcoin as a means of payment. To make Bitcoin like cash globally would be very difficult.

 

[GoldenLady]

Do you think that bitcoin will become more like cash in the near future? I feel like with the rules that cryptocurrency has to follow, that soon bitcoin may have to become the new form of cash. If it can lock that in, it could be ahead of other cryptocurrency going forward.

It will become a store of value instead. The transaction fees and volatility, the perception most people have about bitcoin is as a store of value.

 

[Chibson]

Bitcoin is a digital currency and that is why it cannot like physical cash like Fiat currencies. I think Bitcoin was created to carry out transactions mainly online.

 

[tyrim88]

The essence why the issue of cryptocurency was created was to actually create an avenue to ease means of doing business and commercial payment and prevent transaction delays which conventional banks could not afford.converting it to cash would defeat the whole process.

 

[ahmedo24]

Bitcoin is a digital currency and that is why it cannot like physical cash like Fiat currencies. I think Bitcoin was created to carry out transactions mainly online.

Yeah and to create financial freedom for people having the desire to explore and make money from the internet , bitcoin is not created to compete with fiat.