Bitcoin becomes the primary medium of exchange replacing physical cash entirely. Several obstacles would need to be overcome for this to happen such as Bitcoin would need widespread adoption as a means of payment.

I think OP has meant to say that It is possible for bitcoins to become the (not a) cashless system. There will be reduced cash and use of cash in a cashless system, and while other cashless means of transactions will be used like debit and credit cards, online banking, CBDC's, bitcoins can also be used for transactions still in a cashless way. Bitcoin can become one of the means of transaction in a cashless economy, but it has to first be accepted by many people, governments and country.

Bitcoin for me is a big help for everyone because first, it's decentralized, where consumers have greater authority over their financial information and transactions.
And global transactions, where this feature of Bitcoin facilitates a more globally integrated economy, supporting a cashless society.

At a recent time some of the organization and basically some legendary people try to launch "Cashless system" which transactions are conducted electronically. without the need for physical currency such as coins or banknotes. In a cashless society or economy people rely on electronic forms of payment such as credit cards, debit cards, mobile payment apps, and online banking transfers (EFT) to make purchases, pay bills and conduct financial transactions. This trend has become increasingly popular with the advent of digital technology and the widespread adoption of electronic payment methods.

Bitcoin becomes the primary medium of exchange replacing physical cash entirely. Several obstacles would need to be overcome for this to happen such as Bitcoin would need widespread adoption as a means of payment.

Bitcoin's current transaction throughput is limited compared to traditional payment systems like Visa or Master card. Should be improvement of Lightning Network. Governments and regulatory bodies may pose challenges to Bitcoin becoming the primary medium of exchange due to concerns about control, taxation, and compliance with anti-money laundering (AML). Even to be know customer (KYC) regulations.
A powerful infrastructure supporting Bitcoin transactions would need to be in place.

Hopefully it's possible for Bitcoin to become a cashless system in the future it!

I don't understand what you mean by bitcoin becoming cashless, when bitcoin is a digital currency that is controlled by many nodes in the network. It is not like fiat that is centralized and can be manipulated easily, and I don't see why you are comparing bitcoin to be cash.

I don't understand what you mean by bitcoin becoming cashless, when bitcoin is a digital currency that is controlled by many nodes in the network. It is not like fiat that is centralized and can be manipulated easily, and I don't see why you are comparing bitcoin to be cash.

I don't know the country that you are from, but many countries have started operating in a cashless system. This is why they created their own CBDC. Bitcoin was designed to use the internet. Fiat is controlled by third party.

Bitcoin will not replace fiat but they will work hand in hand, as an alternative to fiat.

Governments and regulatory bodies may pose challenges to Bitcoin becoming the primary medium of exchange due to concerns about control, taxation, and compliance with anti-money laundering (AML). Even to be know customer (KYC) regulations.
A powerful infrastructure supporting Bitcoin transactions would need to be in place.

Why hope when it's already there? Bitcoin is already a cashless system ever since its creation. It's an electronic payment system with its own native currency. Everything happens in the digital universe. No more bills, no more coins; if that's what you mean by cash. It shouldn't be confused because Bitcoin, after all, is an electronic cash system.

However, I don't think Bitcoin will become the primary medium of exchange replacing fiat in whatever form it takes. I hope it happens one day, but I doubt it.