Getting into Bitcoin – Did the Internet Create its own Currency?

Yes, it did. And it doesn’t appear to be slowing down anytime soon. Especially when the economic forces driving Bitcoin are spread out across different countries, continents, marketplaces, and networks.

Don’t forget that it’s also possible to remain anonymous with Bitcoin – meaning transactions between Bitcoin users are not traceable in the same way that credit cards, debit cards, cheques, and sometimes cash are.

Coupled with an increasingly fractured economic outlook of the future, we have a currency that has emerged from the one democratic platform that has proven to be more powerful to the people of the world – than the governments that would rather try to control it.

It will likely increase in value if there is continued instability in other markets, perhaps 1 Bitcoin will be worth $1000 USD sooner than we think.

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s