Wow, what a wild year it was for cryptocurrency.
After the seeing the initial price surge in April/May, I did my research and saw the obvious game changer in the technology.
I bought in during June, but I didn’t really start taking it seriously until the second big explosion in November/December.
Now I’m practically obsessed with the stuff, so I’d thought I’d share with you my view on how cryptocurrency will change the world.
I still think most people don’t see the big picture, and are either:
1. Completely ignorant and sitting on the sidelines, or
2. Have invested in crypto but only thinking about the monetary gains.
As you’ll see when you continue reading, there’s a lot more to crypto than meets the eye.
So without further adieu, let’s just jump right into it by starting with what cryptocurrency actually is.
What Is Cryptocurrency?
In it’s most basic definition, cryptocurrency is simply encrypted code that exists on the internet. It is used as a store of value and medium of exchange, which can be sent to anyone in the world, nearly instantly and fee-less.
This is done via blockchain technology, which was used to create Bitcoin, the first cryptocurrency back in 2009.
As the tech became more popular, many more cryptocurrencies have been created which all have different visions on the most effective way of building the future.
Furthermore, each network is spread out amongst everyone who uses said cryptocurrency, which means there is no central source of power.
This equates to decentralization, making it seemingly impossible for anyone including the government to eliminate the network and squash the free market.
Why Is Cryptocurrency So Important?
Now you might be thinking, “Ya that sounds cool and all, but don’t we already have money? What’s wrong with the dollar? What’s wrong with the banks?”
And to that I say to you – What isn’t wrong with the banks?
For the past 100 years, we’ve all been victims in a massive central banking scam that prints money for themselves, while eroding everyone else’s purchasing power.
I highly recommend you read the post that I linked above, as it very important to understanding it all.
Additionally, here’s a chart that compares fiat (government money) to cryptocurrency:
In summary: Fiat money is issued by governments and managed by their banker friends, which allows them to have complete control over their citizens.
They print money to make themselves wealthy, while the value of the dollar inflates and makes everyone else poor.
And that money in your bank account? It’s not really yours. It’s the bank’s.
You have to go through ridiculous rules, regulations, and fees to withdraw it and move it around, and oh guess what, they have the power to freeze your account and seize your funds anytime they want.
Crypto on the other hand, is the complete opposite.
No one person or company can control and manipulate the currency, because it’s decentralized across all of the users in the network.
You hold your cryptocurrency in your own wallet, and you have the power to send and receive it as you wish, without going through any third party intermediary.
Furthermore, each cryptocurrency is coded to a maximum number of coins that can ever exist, which means that there can be no inflation and eroding of your purchasing power.
Once you do just one transaction in crypto, you’ll see the massive value in the technology, and you’ll never want to use fiat ever again.
How Cryptocurrency Will Change The World
Ever since 2017, cryptocurrency has been gaining massive popularity and millions of people are making the transition from fiat into crypto.
The entire market grew 35x this past year from $15 Billion to $600 Billion, and it’s not going to slow down until it reaches mass adoption. My guess is that it’s only a few years away.
And once that happens, the world will be a much better place.
Besides the fraudulent banking system being wiped out, hopefully the criminal government will lose power as well.
The reason is because blockchain technology will spread much further than just currency, it will spread to all aspects of life to decentralize everything.
If we can learn from anything from history, it’s that power tends to corrupt, and absolute power corrupts absolutely.
We are entering an age in which for the first time in the history of the world, we have technology that can eliminate monopoly and totalitarianism.
I hope you can now see what a big deal cryptocurrency actually is, and I highly suggest you watch the videos I posted here to better understand what I’m talking about.
For those who want to get involved in the crypto space, next week I’ll be talking about how to buy crypto, how to hold it, and how to invest in it for the future.
Alright guy’s that’s it for tonight.
Let me know your comments and thoughts down below, and be sure to vote in the poll as well.
Best – Brian