Until a large part of the population start to buy Bitcoin, there will always be the risk that it could become another insanely great technology that flopped because it was somewhat ahead of its times.This piece looks at 5ways Bitcoin could be the future of money and to neutralize some of its existential threats One of the ways Bitcoin can solidify its position as the future of money is for its value to continue to outpace inflation for all users. The total supply of Bitcoin that can ever be mined is capped at 21 million BTC; hence, the odds are high that the value of the cryptocurrency will continue to rise as more people start using it as an alternative to fiat.
Bitcoin makes it easy for people to transfer wealth across borders without paying undue fees and without attracting the attention of governments, regulators, or criminals who will be intent on getting a piece of your wealth. Bitcoin's position as the future of money will be guaranteed if it succeeds in driving financial inclusion for the world's unbanked population.
Similar to powering financial inclusion, Bitcoin can be a great tool for helping people create wealth without necessarily getting "approval" from financial regulators. Startups, entrepreneurs, artistes, and people with causes can get financial support through the inherent crowdfunding opportunity that Bitcoin provides.
When you need financial support for a cause, all you need is to provide potential supporters with your Bitcoin address or QR code, and you'll be on your way to getting the financial support without forcing people to fill out any boring forms. © 2005-2017 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.
http://www.marketoracle.co.uk/Article60767.html
Topic: 5 Ways Bitcoin can Improve its Odds of Becoming the Future of Money (Read 170 times)
November 15, 2017, 08:57:44 AM
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