Post
Topic
Board Nigeria (Naija)
Re: Is Bitcoin the Future of Money or Just a Digital Asset?
by
Btcdeybodi
on 25/09/2025, 21:04:46 UTC
Thinking of this, Bitcoin have been around since 2008 which is over a decade now and truly speaking it has changed the way we see money. Since it's not controlled by any government, this makes it borderless as anyone can send and receive value in few minutes and it  tends to give financial freedom to anyone that invest into it reasonably.
But reasoning this carefully is Bitcoin stable enough to replace our everyday money or just a digital assets like gold and others relating to as the price goes up and down on a daily basis. On a second thought is the truth in the middle of being the future of money or a digital asset? Since it can be used to hold and protect wealth against inflation or anything of such.
What about countries with weak money system?
Do you think that Bitcoin will one day replace traditional money, or will it remain mostly an investment like digital gold?

Bitcoin is not stable, it is volatile which means it has the ability to fluctuate in it's price. Often times, we have used the word 'financial freedom' to describe bitcoin but i real context, the freedom we should be talking about is the ability to have our own money and keep it in our custody without involvement of a third party but saying 'financial freedom' sounds more like not lacking money again when we invest in bitcoin of which it's not possible, investing in bitcoin doesn't mean that we will have enough money. So the freedom is just the ability to control and secure own own money.

Bitcoin was created because of many financial problems with traditional banking institutions, so Satoshi Nakamoto introduced bitcoin to stand as a second choice to fiat and not to displace the use of fiat currency and since it's not a stable coin, it will be difficult to replace fiats. Bitcoin will remain mostly as an investment even though we can transact with it but due to its potential values, most people will prefer to store it more than use it for transactions.