Will Bitcoin Replace Paper Money One Day?

Although Bitcoin has many supporters, there are still people insist that Bitcoin is impossible to replace paper money because paper money is backed by respective governments. They give assurance for its value. But digital currencies like Bitcoin are not backed by governments at all. It works only when there is an internet connection otherwise it could not be used. Most illiterate people don’t know about digital transactions. They don’t even have a credit card or debit card. They know only paper money as the real currency. And people prefer what they can see in their eyes rather than something doesn’t physically exist.

Everyone has his own option about whether bitcoin will replace paper money on day. Only time will tell the answer. Let’s see how it goes in the future.

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