Post
Topic
Board Bitcoin Discussion
Re: Disappearance of cash and bitcoin as an alternative?
by
ancafe
on 24/06/2023, 02:37:40 UTC
Atm has been disappearing for years now (not completly  Cheesy). With the Covid crisis, people were encouraged to pay by CB on the pretext that banknotes could carry viruses. Some banks refuse cash deposits and withdrawals. Some currencies are worthless: sometimes they're used to fuel fires, or to create bags (Venezuelan bolivares, for example). What does the future hold for cash, and can btc become an alternative
This is not entirely true and paper currency is still a means of payment and for now ATMs have not disappeared and are still used in general in several areas freely. Where do you get the information that cash and ATMs are disappearing for now and there are some areas that haven't been widely touched by the internet so it takes a process for bitcoin to become an option for everyone. Cash is still circulating and there is no guarantee how long it will stop because after all cash is still the medium of payment used by most people today.

Bitcoin will find much greater adoption over time and indeed its growth will be even greater, but it will not replace cash as an alternative anytime soon as many people still use cash as a legal means of transaction. For the future, we never know whether bitcoin will become an alternative because so far we have only used bitcoin as an investment.