The bitcoin will replace the money in the future. The cryptocurrency has been sounding strongly in the headlines of recent months. Particularly in the case of bitcoin, after having unexpectedly gained a considerable value in such a short time. Many wonders if this alternative money can have a big impact on the global financial system. This belief can be the reason for its popularity and imminent value.
Bitcoin is here to stay
Bitcoin and cryptocurrencies will displace approximately 25 percent of national currencies by 2030. According to the words of the future Thomas Frey. And as things could have a reason with their prediction that it is believed that the way it was achieved is more efficient than the conventional financial system. So, it does not surprise me that the mere megáveas have begun to recognize the use of bitcoin and its heights as an asset with real value. This could be taken as a good sign that cryptocurrencies will sometime replace fiduciary money in the future.
We are on the way to making transactions without the use of bills and coins. A country that has progressed and almost no longer has the country of Sweden. It barely reaches 1% of the value of all the transactions in the country using cash. Citizens of the country generally had positive reactions towards the policy of no effect that reduce the risk of criminal activities. In turn, make it easy for customers to pay with only their card at hand. The idea of eliminating the legal tender of our daily products has been an attractive option for a growing number of national banks. Because it has been increasing the use of blockchain technology to boost a national currency. That is, this option has some advantages that could benefit the way we conduct our transactions. On the other hand, there are people who do not like at all the idea of an economy based on bitcoin and/or alternatives.
Not everything is rosy for cryptocurrencies
The children of the cryptocurrency professionals, for example, there are no intermediaries, because the currency is decentralized. That is, no institution or person can regulate the actual course as intermediaries to influence its value. This greatly simplifies the way in which it is acquired and marketed. In addition, bitcoin has a higher value than fiduciary money per unit and is safer.
Security in the use of cryptocurrency
With the increasing number of incidents related to identity theft of credit cards. Thanks to this, bitcoin has become a viable option for the most secure transactions with the encryption of its technology. To achieve this, the chain of blocks is used to help keep your digital assets safer by reducing the likelihood of theft.
Goodbye government control
The national government of any country has a great influence on the value of fiduciary money. In turn, it has an impact on the economy, so when its value plummets or increases many times, the others participate in conjunction with the central bank exercising its power over it.
Volatility without intermediaries
The volatility in the price of bitcoin is a great opportunity for any moment. That is, they take advantage of the valleys to buy and the ridges to sell.
Do not have intermediaries to prevent you from stealing a double-edged sword. This means that when the cryptocurrency is lost or stolen no matter how unlikely this happens. There is nothing that can be done to recover it. That is the difference of the fiduciary money stored in the banks a certain amount is insured in case of theft
While children know their eyes to avoid the truth about the bit and the chain of blocks, many children are at a point of going out to the market and will begin to take part in the ICO. Leave me your opinion Do you think that the bitcón will stay or be something temporary?