Bitcoin is considered the birth of an alternative currency, and its development is a proof of a changing world brought by technological advancement. Satoshi Nakamoto published Bitcoin in 2009. Within two years of existence, it is considered a major leap in digital currency because of its concept of decentralization and technology maximization. But what prediction do experts have on this?
Despite being tagged as a newbie in the industry, many investors see the benefits of Bitcoin that include the following:
- It is secured and cannot be forged and stolen that prevents identity theft.
- It does not require a mediator or third party to finish the transaction.
- Transactions are not tracked due to its owner’s anonymity.
- It is independent from governing bodies and does not require taxes.
- It promotes irreversible transactions.
- It is limitless.
This type of digital currency is still developing. Thus, it is too early to confirm its stability, but experts predict that Bitcoin is the future of money. Here are the bases of the prediction:
- Bitcoin is the pioneer of giving proof that digital currency works. In a matter of time, the government might develop a paperless monetary system and will use digital wallet instead.
- Transfer of information through paper will be done digitally, and it is the capability of Bitcoin to deliver and keep massive data.
- Nowadays, businesses are growing rapidly that they are maximizing the internet for expansion. Investors view Bitcoin as an industry that will continuously provide jobs and develop businesses that will boost capital gain.
- It can replace fiat currency that can be used all around the world without hassle since it has the same value in whatever country it will be used.
- It promotes transparency between countries and companies. This will aid in tracking criminals that will take advantage of the internet to commit illegal and immoral activities.
You do not know what the future might bring, but considering the abovementioned information, it is not too far that Bitcoin will be the future of money as the prediction says. The world is constantly changing, and people are continuously inventing in things that will make life easier.