Is Bitcoin the future of money?

[Imran_Noori]

A few days back Silicon Valley Bank went bankrupt and made people disappointed of banks, beside that inflations are another big problem for people, I think Bitcoin will take the lead and become the future of money quicker than we think.

What do you think? Is Bitcoin the future of money?

 

[riberet19]

I think that the future of money could be two variables or Bitcoin or CBDC if people do not realize what the second entails and realize that there is an alternative called Bitcoin maybe it could be too late.

 

[Mayorla]

I don't think Bitcoin can totally over take the role of Money, because of its volatility and unstable nature.
Rather I believe it would be use side by side with digital currency like the CBDC that plenty countries are creating now.

 

[Potuse]

Bitcoin is the future of money and that is the major reason why a lot of people are beginning to use bitcoin and they trust this cryptocurrency.

 

[eLdavis]

Maybe after some years this could be true but right now i hardly doubt that. There are still countries that are not yet ready to accept the use of Bitcoin, most of them have even gone as far as placing bans on the use of cryptocurrency in general.

 

[Imran_Noori]

Bitcoin is the future of money and that is the major reason why a lot of people are beginning to use bitcoin and they trust this cryptocurrency.

I agree with you, the biggest reason that many long term investors are putting money in Bitcoin is because Bitcoin can change world's economic order.

 

[riberet19]

Maybe after some years this could be true but right now i hardly doubt that. There are still countries that are not yet ready to accept the use of Bitcoin, most of them have even gone as far as placing bans on the use of cryptocurrency in general.

Regarding this, even the Central African Republic has stopped accepting Bitcoin as legal tender in its country, both due to lack of adoption and institutional pressures within the country.

 

[eenya00]

Bitcoin changed the dynamics of the banking sector, it made the possibilities to become endless and provided a quicker way of doing transaction, so I believe it is the future of money.