Bitcoin and bitcoin users definitely have an edge already when time comes that society becomes a cashless one using bitcoin will definitely have its advantages however right now it does not seem possible to adapt bitcoin as an everyday currency seeing that transaction fees are expensive and it is quite slow to get things processed because of the mempool being congested

If those issues were to be addressed then bitcoin will definitely shine in times where society would be using cashless systems

It will be similar situation like what we have with books and newspaper. We can have them in a traditional paper format or in other modern formats like e-book, e-newspaper, digital file like pdf ...

There are people who love to read things on paper, not on a digital screen so companies will remain those paper products for customers. Surely they will get income and profit by selling products to customers.

With money, we have cash, digital currency transfer, Bitcoin, altcoins and even will have CBDCs in future but I believe the world will have all those currencies co-exist in future. There will be no cashless world.

I believe that traditional currencies will not fade away anytime soon; they will continue to coexist with cryptocurrencies in the future of the mainstream financial payment system. The transition to a cashless society won't be a smooth ride. Bitcoin will need to cooperate with regulators, despite being one of the wildest ideas and theories. However, I am optimistic that Bitcoin, our beloved digital gold, has the potential to shine even brighter due to its unique advantages, such as transparency and security, which traditional banking systems struggle to match.
Will Bitcoin survive? It will undoubtedly leave its mark, regardless. Even if it doesn't become the undisputed king of cashless transactions, it will pave the way for a new financial landscape. While heading towards a cashless society, there are hurdles to overcome. Bitcoin needs to address scalability issues, transaction speed, and energy consumption. Regulatory clarity and widespread acceptance are crucial for Bitcoin to become a mainstream payment method. Who knows, it might happen or get closer to reality after a decade.
The speculation about the future of Bitcoin is uncertain; it could experience a significant surge to success, moon-shot to Mars, or face a drastic decline, crash landing in the Mariana Trench.

Maybe in the future, we might have a situation in which Bitcoin will be used to pay for goods and services in every part of the world. But currently, it has not been used as a currency because the majority of people see it as an investment opportunity. The high transaction fees and the lack of requisite skills to set up a lighting network are also roadblocks to the use of Bitcoin for the payment of goods and services. Unfavorable government policies will also hinder this lofty dream of making Bitcoin widely used as a currency. I assume that Bitcoin still has a long way to go in its quest to become a widely used currency for financial transactions.


Many developed nations are moving towards a cashless society because they are technologically and educationally advanced. These nations have a high literacy rate and the requisite infrastructure to support a cashless policy. However, cash still dominates the financial system of developing nations. So we might see a gradual transcending from cash to a cashless society in many countries because for now, they are not ready to become cashless.

It is outrageous to believe that the Fiat would somedays be whipped off the surface of currencies existence.
The global acceptability of Bitcoin is a potential to enforcement that everyone must deal with.
Besides, Bitcoin is just an alternative means of transactions otherwise investment means too. So the possibilities of Bitcoin to outshine the local fiats could be evitable while the world powerful Fiat currencies are not undermined.

I believe that there is already an existence of certain individuals including societies who has the possible running of cashless as a policy and they are certainly comfortable with it. So Bitcoin would only succeed this if it is a dominance and has suppressed the usefulness of the fiat and then mandatedly a compulsory that everyone must adopt and then, the possibility measures as maybe imagine cashless trending while Bitcoin transactions is emerged as the only possible means of transactions would not be twarted.

It would definitely be disasterous because not everyone who are used to the internets including the electronic mobile devices talking more of adoptions with the system of crytop currencies formulas of transactions.
I smile over this because making this a success is to call the world back to a unifyable educations whether they are interested or not leaving them to live at their own risk of handling the currency at such sceneros Bitcoin is made the only financial transactions options.

Yep it will not fade away its because its like a national symbol of the country so for sure this is well protected by government and maybe if there's digitalization will happen then it will exist in different form. Also as you said it will coexist with bitcoin if there's certain adoption will happen. Bitcoin cannot cooperate with regulators but rather the people use it especially those institution should push and present that bitcoin is good alternative currency since once these regulators will impress on the usage of bitcoin together with its potential for investment matters then provably they would allow bitcoin to became their legal tender just like what El Salvador did.

Bitcoin has really have potential and there are lots of institutions are now investing with it since they see how huge its marketcap also the supply is limited so if there's global adoption will happen then provably we can see bitcoin price to rise up.

Well, I agree of what the OP said about the potential growth or more advancements of bitcoin and its usability, but lets not forget other coins, although bitcoin will be the face, lets remember bitcoin is a crypto currency and using block chain technology so if the bitcoin is the future of the cashless society then the other crypto currency also will be used same as bitcoin but of course not as high price like bitcoin, and also the technology blockchain maybe in the future more things will be created related, divert or using block chain technology, you see this technology is a very good technology wherein we will see how much effort and time the creator of bitcoin spends on developing this project.

If bitcoin and any other cryptocurrency will be the future of society in terms of currency, then maybe before that, a more complex plan and preparation will be needed to implement this thing.

we are already seeing the signs everywhere

banks starting to charge management fee's just to have an account
https://www.investopedia.com/terms/b/bank-fees.asp

ETF's/spot trading normalising 0.x% -3% fee for getting/changing assets, normalising perceptions of expecting to pay high just to transfer/have value

bitcoin fee's increasing
https://github.com/bitcoin/bitcoin/pull/9615

heck even subnetwork fee's increasing
https://www.xapobank.com/resources/lightning-network-fees
0.00000000210000 (from $0.0001 currently)

other subnetwork services said(past tense) they would offer fees from 0.00000000000001 per payment
but it ends up as being on average: 0.00000000000054sat per sat spent plus 0.00000000750000 base fee.
and so spending 100,000sats about: 0.00000006150000 per payment

yes initially all new payment systems promote free/cheap fee's but eventually all of them increase the fee's, and that includes crypto


you would think with the deflationary nature of bitcoin where each sat becomes worth more fiat.. that the fee's in sat numbers should decrease..
like they did 2009-2015 each time the markets moved up a multiple.. but not now

Well I don't think society will ever be entirely cashless. There will always be some need for physical money, even if digital payments become 99%+ of what is used.

Anyway, bitcoin I expect will operate as an alternative to fiat currencies. Nations aren't gonna give up their national currencies, so bitcoin will only always be an alternative. Some nations, like El Salvador has done, will put bitcoin on par with whatever currency they use, and likely as in El Salvador's case this will mostly be done in countries that don't issue their own currency.

Once bitcoin use becomes widespread one nice thing that will be greatly streamlined will be traveling! No more worrying about exchanging currencies (except perhaps to have a little bit of physical cash on hand) and no more worrying about your credit card being charged big fees for using it in a different country (happened to me a year ago when I was in Mexico two credit card charges on my statement were mysteriously DOUBLE!! what I was charged in the store). In the somewhat distant future you'll be able to travel and just spend bitcoin without worrying about any of that!

Also I think many people (probably eventually billions of people) will save in bitcoin instead of cash in banks. Cuz why would you save in a currency that decreases in value when you can save in a currency that increases in value? People will still have some savings in the bank beyond what they need for the month, for safety of having that emergency fund in a "stable" currency, but savings beyond those fairly immediate needs will be in bitcoin.


Also it could be that international trade ends up getting done in Bitcoin. Even if on-chain fees are $100 or something in this fairly distant future, that's nothing if you're making a hundred million or billion dollar transaction. And with bitcoin you can move money directly and usually within 30-60 minutes to the other party so it makes more sense than going through the fiat system. Faster and cheaper with bitcoin.


I see a future, perhaps a couple decades from now, where paying online or in person with Bitcoin over the LN (or perhaps other L2 solutions) is not just as easy but also as commonplace as paying with credit card or mobile phone fiat wallets is today.

I look forward to the day when I can simply save in bitcoin and spend my bitcoin as readily as I use my credit card today. It is coming, though we'll just have to wait probably a couple decades until it is that pervasive.

We will not see anything like this in our generation, perhaps in a generation of our grandchildren bitcoin will be implemented as global money, for this we need many, many years to change an entire culture.

The most important step has already been taken, the beginning of all this.

We have a little more than a decade of bitcoin and the results are already incredible. Although the price seems high, the benefits are things that no amount of money in the world can pay for.

Bitcoin is one of the greatest achievements ever made by humanity and I am very happy to be participating in this entire revolutionary movement.