Paper money's future is still be the same because we needed it for less fortunate people, due to no capability of computer litteracy. We have to see to it that bitcoin can be more progressive in the future and it is already starting now, digital is the mode of spending in the future and cash money using paper will also be limited in usage. Bitcoin will be used only by those who are rich in bitcoin investments as well as it's litteracy of being a digital currency engagement.
That is a bit harsh, we need it for the less fortunate people?
there are a lot of computer illiterate in the world, do you think that will stop them using such currency? And, why will they need to use a computer by the way if they can use it or either withdraw it in a bank or ATM machine. I think you are being ignorant on other people what might do, and the future of the paper money might be vague, but we all know that paper money will stay as it is. Bitcoin might not be a good currency if it's price continue to increase, it will be just an asset for investors, if you think of it, most people look at it, as an asset, not a currency.
Strongly yes? Look up digital divide and you'd know that these people are in no way going to use bitcoins unless they stop being computer illiterate. How are they going to use bitcoins without being computer literate first? Yep, you can convert your bitcoins to digital fiat and then cash it out using ATMs but what is he even going to cash out?
If the price of bitcoin continue to rise, then the people like us will be swimming in money while other people will try to follow what we've done. We diversified our investments so here we are, we now have a good asset. People look at bitcoins as an asset, but isn't fiat basically the same thing? People also invested in fiat so the value of your fiat was made.
When fiat gets out of the scene, bitcoin will finally be used as a currency. It's the point of bitcoin after all. It can stand alone and it can replace all these biased monetary system.
