The tenth year into its journey, the trust in Bitcoin has grown at an exceptional pace. It’s known as the biggest leap in the era of technology after the internet. Back in the day, did you know what it was called? “Hacker Money”, now its no longer for hackers! It’s for literally everyone!
We greet, the era of digital money with cheesy smiles!
As, it disrupts industries and threatens the financial institutions. It brings forward a new paradigm, where trust and transparency are of great value. Here’s why, cryptocurrency is the next big thing after the internet:
It’s an Exceptional Revolution
Somewhere, back in 2010. The era in which the modern world was first exposed to Bitcoin. All were very skeptical about this digital currency. Weren’t you? What were your thoughts? Pretty sure, the same as the rest!After all, the creator was unknown, its origins were dubious as hell and the currency’s complex algorithm felt too good to be true. Almost as if its magical!
Now, fast forward 8 years. Imagine, all the renowned banks and financial institutions are investing millions of dollars into research. No one saw that coming, well not all! So many attempts are being made to harness the power of the blockchain technology.
So, lets all wait for the banks to adopt this awesome technology and do the humanity a huge favour. We’re all counting on them! The truth is, we’ve all lost the patience to wait for 3-5 days just for a simple transaction and the charged fees on transactions just makes you want to cry!
Let’s Fight the Inflation
Bitcoin as a store of value can be even better than some of the national currencies. Yes, its arguable. But, may the odds be in the favour of all the crypto-enthusiasts. Keeping mind, countries where inflations has crossed all sea levels.
Did you even know about the unbelievable built-in deflation mechanism? It’s just another benefit of Bitcoin, where a hard-coded limit of 21 million will be in existence forever and ever. So, from an investment point of view its much safer to invest some of your hard-earned money in cryptocurrency and let it be your blanket of insurance when things get cold financially, rather than the traditional commodities
The Socio- Cultural Renaissance
The release of Bitcoin caught a lot of attention from the programmers and hackers. Interesting facts were revealed, revering it as a masterpiece of humankind in the world of cryptography. Ever since then, it unleased a storm of other cryptocurrencies. Giving birth to a whole new community of computer experts, who began their algorithm journey and gave us the famous Bitcoin cryptocurrency.
Bitcoin perfectly embodies the constantly changing times we are living in. The adoption of Bitcoin as an official currency could completely turn the tables for the government, political parties and the administrative institutions. This will lead to one of the most important things we need right now, transparency and the prevention of corruption practices
Bitcoin is just like the missing piece in the puzzle of the financial world!