Capital has had a long and mostly happy journey, and seeing it come into its own in crypto currency is truly gratifying.
The concept of money as we know it has evolved over the course of our lives. Ever since the invention of money, it has developed along the same chronology and slightly curved curve. From barter and trade for things to swapping rare materials, diamonds, and even seasonings for something else, there are a variety of ways to do so. In the wider context of currency, notes and coins are still relatively new additions, but even these have had their moment and are approaching their golden years. In fact, it’s believed that about 92 percent of the world’s money is now stored digitally.
As a result, money has changed. This may come as a shock to some, especially given how many people object to the idea of cashless transactions, in reality, we’ve already arrived.
Bitcoin is only one type of crypto currency, but it is by far the most prominent. Practically, there is no end to what crypto currencies and decentralized virtual currencies can signify if they are adopted in the long term. We might have a network of crypto currency marketable commodities instead of generating wealth based on the market.
As a result, digital currencies (such as bitcoin) might be used to symbolize anything, from a bag of flour to the construction of a building. Each of these resources might therefore be fairly represented depending on the specific need, resulting in a global reserve currency that resembles a true barter economy.
This essentially eliminates the possibility of unscrupulous financial practices. There will be no more wasteful and unneeded personal wealth. There’s nothing here but a real interchange of products and services as and when they’re required.
However, we would never see that technology, or it may be a good amount of time before we do. Nevertheless, money has progressed into the bitcoin era, and we’re excited about the future. So start investing in bitcoin because bitcoin is the future.
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