Millions of investors have found that Bitcoin (BTC) is an amazing digital store of value that has already earned them the most attractive returns on investment than any other asset in the last 10 years. In fact, in the earliest days, Bitcoin would turn into a $ 1 USD investment to thousands within just a few years. Bitcoin millionaires and billionaires are now a thing!
But before you take a plunge into BTC, invest time and learn much more about this digital energy that is changing our world. By getting deep into it, you’ll not only be educating yourself but will be improving its adoption as you share the knowledge with others.
You see, BTC is proving to be a multiple-faceted revolution around the world and it’s too late to ignore it.
In this spirit, below, we will explore the reasons for the rise of the world-leading digital coin. After you read it, I encourage you to check other sources to confirm for yourself that bitcoin is a legit investment. Check all sources then get into it with eyes wide open.
Bitcoin as a Technological Revolution
Firstly, you can say Bitcoin is now turning out to be the greatest technological revolution of our times. In fact, Bitcoin has remained the most successful crypto launch among the 10,000 plus tokens issued since its inception in 2009 holding more than 40% of the trillion-dollar growing market.
The digital asset coin is decentralized and secured by “miners” all over the world running hundreds of thousands of computers dedicated to confirming transactions ensuring the network is secure for everyone. The miners verify the blocks of transactions; similar to VISA verifying your credit card transactions except it’s not controlled by any one person or organization.
The man behind the coin, Satoshi Nakamoto, the mysterious inventor of Bitcoin developed it like a P2P E-cash system. This system helps everyone obtain complete control over several performing transactions without requiring any credible third party. The coin depends upon the millions of computers around the world to keep it super strong.
Bitcoin is The Money Revolution
From its inception Bitcoin has completely frightened the mainstream central banking system used by the whole world. Why? Because for the first time since the beginning of “money” as a means of exchange it is NOT controlled by a king, government, or central authority. Instead, it’s on the net, on millions of computers, a true independent digital force that they cannot control. This is an epic paradigm shift like we have NEVER seen in the history of civilization. So yes, it’s a true revolution in money and it’s this is only the beginning.
Bitcoin as an Ideological Revolution
Before the coin came into the market, many people felt that money could only exist in fiat currency and be secured in banks. They also felt that online transactions could only work with secured and credible third parties. Several groups like MasterCard, Visa, and PayPal have emerged as the third parties to make online transactions with ease. However, thanks to Satoshi, the world now has a true alternative. Could it change the world? It already has.
Bitcoin as a Social Revolution
For years, we have seen the monetary policies by central banks and their governments create havoc causing severe harm to citizens.
In Turkey this past year, their money was obliterated by government policies plunging citizens into poverty. In Lebanon, it was worse. The currency dropped by 90% at one point forcing good people into the streets to fight for food.
But, so far, in the USA, a global leader, Bitcoin is being relatively embraced by leaders. At first, they freaked out but now, after slow thought, they are embracing the digital store of value. They recognize it cannot be stopped so, instead, they are regulating exchanges with the most stringent KNOW YOUR CLIENT rules in the world. This way they can chase down their citizens who don’t pay taxes on their gains.
More, this year, they are expected to regulate more and go deeper into the crypto world. But since many Congress members are also investors in the space, it is expected to be rational and, most experts agree, actually a boom for Bitcoin. Why? Because, once regulation takes hold, then the bigger investment institutions that hold TRILLIONS of dollars will be able to invest with clarity for their clients creating a huge demand. With a fixed supply of just 21 million, Bitcoin prices will rise in an epic way. How much? Well, currently as I write this article, Bitcoin is sitting at $ 36,000. But by the end of 2024, when all regulation settles in from the USA and when other nations follow, it’s very possible that Bitcoin will be in the hundreds of thousands per coin.
Imagine Bitcoin at $ 500,000? You say “impossible”? That’s what they said about it when it was just $ 10 a coin; “Imagine Bitcoin at $ 100? Wow!” and now look. Hey, it’s not magic. It’s just a function of supply and demand. It’s that simple! Best of Success Investors.
Johnny Punish is a writer, global citizen eco-activist, visionary, musician, artist, entertainer, businessman, investor, life coach, and syndicated columnist.
Punish was educated at the University of Nevada Las Vegas (1980-81) and California State University Fullerton (1981-1984) with studies in accounting and business. Before the “internets” were invented, he owned and ran (5) U.S. national newspapers.
He has over 100 original songs written. He also records and produces music. A member of ASCAP, Punish has several songs placed in feature films. His music is promoted worldwide and played on all digital networks and net radio.
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