Bitcoin was only the first. Cryptocurrency’s like Bitcoin, Ripple and more are becoming the dominant forms of global currency, ushering in a new era of economic freedom, technological innovation and global abundance — guaranteed.
By the early 2020’s, fiat currency’s (those printed by national governments like USD, GBP, EUR) will still exist, although rapidly being replaced by Crypto.
In Sci-Fi World we look back at the days before blockchain digital currencies and realise how trapped we were simply due to the power of governments to create ‘money’ out of thin air; a hoax that was played on us for centuries,
A problem now eliminated through the immutable distributed ledger technology on which crypto is built.
Crypto isn’t just about money. It’s about decentralised innovation and governance.
As of 2017 we see blockchain disruptions taking root:
5 Big Impacts Bitcoin Will Have On Your Life
Will bitcoin really change your life? Yes, absolutely — I’m 100% certain of it. And no I don’t have a crystal ball… I have something better: Foresight. History. Facts.
Just like the Internet changed soooooo much about our lives… bitcoin is being called ‘The Internet of Money’.
That is: The global money game is changing. And the power is now with the people!
More equality, more wealth, more choice
If you’ve ever given charity… or ever tried to save money… or ever wanted to make a good investment… or been frustrated with banks or governments… then you’re going to LOVE what bitcoin can do for you, your loved ones, everyone.
Bitcoin is more than just ‘digital money’. It’s about equality, access, and a more open framework for society.
Let’s take a quick look at five big impacts that bitcoin will have on our lives in the coming months and years.
BIG Impact 1: Fairness
Certain banks, governments and financial service companies have taken full advantage of their monopoly on money.
Citizens of Greece, India and Venezuela, for example, have been trapped in recent times by political corruption and economic experiments that have devastated their economies.
With bitcoin in the global picture, governments and financial companies must act more fairly and more responsibly, for two key reasons:
1. Bitcoin money transfers are relatively low cost compared to international bank transfers. Sending money abroad using bitcoin (or other cryptocurrencies) can be done without using the banking system.
2. Bitcoin can not be created or devalued by national governments and is therefore immune from inflation. Citizens of impoverished countries can buy bitcoin to protect their money from the decline in value of their national currencies. The same applies to dollars, pounds and euro.
Bitcoin is levelling the playing field for everyone. Fair fees, currency values through peer-to-peer transfers and global competition.
Even some politicians seem to agree:
“I’m a big fan of Bitcoin. Regulation of money supply needs to be depoliticized.”
– Al Gore, former US Vice-President and winner of Nobel Peace Prize
Big Impact 2: Wealth
Even the best stock market investors are considered a big success if they can make 20% profit on their money in a year. But banks pay us how much interest? 0.5% per year?
Bitcoin has rocketed over 53000% since 2009 when the first block(“genesis block”) was created.
And the future of bitcoin value is very bright. Only 21 million bitcoins can ever be produced based on its distributed computer code (and 16 million are already in circulation) which means that bitcoin is in very limited supply.
Experts and famous business icons predict STUNNING growth in the value of bitcoin:
“Virgin Galactic is a bold entrepreneurial technology. It’s driving a revolution and Bitcoin is doing just the same when it comes to inventing a new currency.”
– Sir Richard Branson, Founder of Virgin Records, Virgin Galactic, and 400+ other businesses
“You can’t stop things like Bitcoin. It will be everywhere and the world will have to readjust. World governments will have to readjust”
– John McAfee, Founder of McAfee
“Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has enormous value”
– Eric Schmidt, CEO of Google
If you’ve ever wanted a lucky break, or a way to invest in a world changing idea, look into bitcoin.
Side Note: That’s not ‘financial advice’. It’s just my opinion. Do your own research… but don’t delay, do it now.
Because if the predictions prove to be right, you’ll never have a better time to get started buying bitcoin.
Big Impact 3: Access
Bitcoin has the potential to make personal finance easy for everyone. Available at the tip of your fingers via your mobile phone 24/7, anywhere in the world.
It’s even changing the lives of the very poor. Two billion people around the world are unable to get a bank account because they don’t live near one! Or they don’t earn enough money to be considered ‘eligible’ for banking. Or various other reasons…
This is opening up new micro-economies in remote parts of the world and will surely lead to a better quality of life for all.
Big Impact 4: Ease
Instead of using pocket change, or a high street bank card, you can instantly pay a bill with your mobile wallet (similar to Apple Pay), or use a plastic or virtual debit card, in any store or any website where Visa is accepted. It’s that easy.
And once you get started with bitcoin, you’ll begin to notice just how many locations already have orange signs that say ‘bitcoin accepted here’. For example, if you took a holiday in Bali during the end of 2016 (as I did), you’ll have seen ‘bitcoin accepted here’ signs everywhere! And the bitcoin craze has only just begun.
It’s good for travellers, freelancers, investors, savvy mobile users, impoverished people in the 3rd world, and yes — even gamblers.
All in all:
Bitcoin is more than just ‘here to stay’.
It’s here to re-shape the economic fabric of modern society. Moving us from obsolete banking practices, inferior security measures, and a lack of empowerment for common people — into an era where you become your own central bank with multiple currency accounts right on your mobile device:
- responding to fluctuations in currency prices to profit from changes in exchange rates
- controlling your own financial wellbeing, security and privacy
- benefiting from the latest trends in cybersecurity
- while being part of a more open, fair and prosperous future for all
Is it easy to get started?
Check out the Beginners Guide to Cryptocurrency for 2018-19.
If you don’t own any bitcoin yet, it’s easy to dip your toe in the water
Big Impact 5: Choice
You can either ignore it for another couple of years until everyone is using it. Or you can be one of the early-birds who benefit today and help spread the word about this awesome technology that will transform the global economy; right down to how we buy our morning coffee, contribute to charitable causes, or pay for holidays.
Those who get familiar with bitcoin today will give themselves savvy lifestyle choices for the future:
- Manage your digital money
- Save and invest
- Spend smart
- Be your own ‘central bank’
- Support global innovation of finance in impoverished regions
- Learn about new lifestyle options available to bitcoin savvy consumers
- And more
Remember, the 5 big impacts of bitcoin on our life are: