Post
Topic
Board Bitcoin Discussion
Re: Disappearance of cash and bitcoin as an alternative?
by
Nrcewker
on 25/06/2023, 08:58:53 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?

Thank you

No one will use BTC as cash. The reason is very simple. Bitcoins are limited in numbers, that is no more Bitcoins can created or made. Hence people will show more interest than using it as an digital asset. Yes you can trade the coins for something else, but can’t use it properly as a currency or money. People might use online way of transferring funds, like Apple wallet, cashapp, or internet banking, but using Bitcoins for this as an alternative will definitely not work according to me. Will love to hear other’s opinions on this.