There are some ideas, once introduced, will never idea because it is so endearing. Ideas like peer to peer distribution, prime numbers, streaming services and the latest, Cryptocurrency are some that will never idea no matter what. Some might argue that cryptocurrencies like BitCoin is not really money, block chain is a fad and other new inventions that are laden with techno babble are really snake oil in disguise. However that maybe, cryptocurrency has now attracted the attention of the United States government and they might join the bandwagon, but just not in the way that you would think.
Supporters of cryptocurrency (crypto for short) will say crypto is not only the future of money, but the entire human civilization. Money no longer controlled by any government, which is the case since the first civilizations, so the true value of money will be finally unlocked. Meanwhile, professional economist, which some of the won actual Nobel prizes dismiss such notion about crypto, specifically Bitcoin will be the accepted form of money in the future.
On February 16 2021, Bitcoin hit $50,000 in cryptocurrency exchange. This means, one unit of Bitcoin is worth more than a shiny new BMW 3-series in the USA. But what this really means? What is Bitcoin? Why people says that it is the future of currency? We explore in details the technical aspect of bitcoin, why it is worth $50k in the market and what it means to you.
Disclaimer: This is article is for information purpose only.