Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin replacing the future banking system ?
by
hosseinimr93
on 25/03/2018, 21:07:04 UTC
I was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

 No it will not. Bitcoin's price is too high to replace a regular currency. Likewise, it would be difficult also that all people people in the world would own a bitcoin. In my country alone, we have 100 million people while there are only 21 million supply of bitcoin. It would impossible also to replace physical money.

There are also fractions of bitcoin. There is no need to have 1 bitcoin. And the limited supply is one of advantages of bitcoin. It's great that it is impossible to print money.
I personally think that bitcoin introduced the technology and probably another coin which might has not created yet, can play the role for the transactions.