The Battle For Bitcoin – Unisex Short Sleeve T-Shirt. Can Bitcoin battle it’s way to global acceptance? In a word, yes. Bitcoin is fighting attacks continuously. Politicians, governments and financial institutions around the world would like to see Bitcoin and other cryptocurrencies fail. Bitcoin gives individuals power over their own money. Governments and banks hate the idea for this simple reason; the more power you have over your money, the less they have.
It is only a matter of time before Bitcoin’s reach is global. The reasoning is this: The evolution of money has always followed technological advances. Metal money was replaced by paper, paper was then replaced by plastic. Next came electronic money, which will be replaced by decentralised digital currencies like Bitcoin and others using blockchain technology.
It’s just not tech that will drive this change. People are waking up to the fact that governments, along with their partners in crime, the central banks, are not to be trusted with money. Their inflationary monetary policies are destructive. Look at what is happening in Venezuela. Unlike fiat currency (USD, GBP, etc), Bitcoin is inflation free. The total amount of Bitcoin to be minted is capped at 21 million coins. Inflation is caused by increasing the money supply. Banks do this by simply printing more money into existence. Once the 21 million Bitcoins are minted the downward pressure to increase supply will not exist. This will create a financial system that will be be the polar opposite to our current debt based economy. The transition to a value based economy is only a matter time.
For a more in depth look at the evolution of digital money, check out Andreas Antonopoulos’ excellent YouTube channel.
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