Is Bitcoin going to become more like cash?

[Hena101]

I don't think this will be possible because it was not created to serve that purpose from the beginning let it just continue to serve the purpose it was created for.

 

[joy101]

It can be possible that bitcoin can become like cash in the future, I think that this can be true because nothing can be hard to do if actually you want.

 

[Hojo]

Bitcoin is a digital money and wasn't in the plan to make it paper or physical money , so I think Bitcoin was created for online transactions .

 

[ahmedo24]

I don't think this will be possible because it was not created to serve that purpose from the beginning let it just continue to serve the purpose it was created for.

I agree with you because I am also not seeing bitcoin to be cash because it is a digital coin not a physical coin, it is also the desire of experts that the world to go cashless economy.

 

[Chibson]

I doubt the possibility of Bitcoin becoming like cash but it can become the main method of online transaction and this is already happening.

 

[Shigobad2020]

I am not sure bitcoin or any other crypto currency can be more like the normal currency we are spending , and thats why most of the countries are banning the use of crypto currency.

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

 

[Kunkun]

No one knows the future indeed but I think Bitcoin becoming more of a cash defeats the purpose set out initially for Bitcoin big nothing is to be ruled out too but I don't see that happening soon

 

[Dagm1]

Bitcoin cannot end up being money since bitcoin is actually electronic as well as I do not believe bitcoin is actually most likely to be actually literally produced other than it is increasing change the conventional Fiat money nearly all nations on the planet.

 

[harrypaul]

Yes.and not just Bitcoin, the crypto market is gradually taking the banking space.
And in the near future we may be talking all about crypto

 

[tuna89]

I am expecting lots of Nations to adopt the coin as a legal tender in which its transactions can be tracked and maintained with a high value.

 

[Yusuf]

I really don't think Bitcoin can be in in form of cash and that is why it is called Digital asset to some extent. You can only use it to make payment online and you can't use it in form of cash like holding it

 

[Nomad]

I don't see Bitcin becoming something like cash, i see Bitcoin becoming more like commodity with high returns. I think more people will be investing bitcoin instead of spending it like cash.

 

[justija]

Cryptocurrency I should say is a digital currency converting it to cash is taking us back , so I prefer it stays normal

 

[nimzy]

Bitcoin can not be as much generally acceptable as the cash money is every where because when it comes to bitcoin operation most people around the globe most especially the third world countries have not gained better acceptance because of lack of knowledge.

 

[eLdavis]

Bitcoin can not be as much generally acceptable as the cash money is every where because when it comes to bitcoin operation most people around the globe most especially the third world countries have not gained better acceptance because of lack of knowledge.

True though, most third world countries are still struggling with acceptance and it would take some time before they would come around. But then again Most countries are still not ready to let go of their flat currency to accept bitcoin

 

[Ub40]

Even though Bitcoin is the most popular and widely use than other coins, I don't think it will become like cash, but it can only become a store of value just as someone rightly mentioned above. Another reason maybe because of the different notion different governments have about cryptocurrency. Some don't even want to hear about it while some have welcomed it. It is just my opinion though.

 

[Setho]

There are just some things that need to be put in place and I think bitcoin is going to become almost similar to cash and people are going to begin to adopt it.

 

[Trexxxy]

I don't think so, although it might seem that way especially with the advent of bitcoin ATMs, and some countries adopting bitcoin as a medium of payment.

 

[Suba]

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.

Of course Bitcoin will be recognized and has been adopted by many countries as a medium of exchange, even El Salvador has recognized Bitcoin as a legal tender, then Panama and Paraguay will also adopt Bitcoin as a means of payment.

 

[btaliat]

I don't see it as been spent as money but I can see as becoming an acceptable means of exchanged. This may not be now but it will surely happen one day.