Cryptocurrency has the power to become the mainstream currency over the next few years. In fact, if things continue to progress in much the same way they are currently, this is not just an educated guess but a virtual certainty. For one thing, the growth of cryptocurrency, even in the face of criticism and debate, is astonishing (to say the least). In 2018, the value of Bitcoin totalled in at $190 billion, and that market value is only set to continue to grow. Additionally, cryptocurrency thrives on the concept of a digitally-focused world. If there is anything we know in this ever-changing landscape we are currently navigating, it is that the prospect of a digitally-focused world is becoming more and more likely as the future reality all the time.
As the concepts surrounding cryptocurrency gain more and more traction as trustworthy foundations, more and more individuals are starting to beli bitcoin. What started out as a financial currency niche has exploded into a worldwide phenomenon, and people are itching at the seams to climb on board the band wagon. The argument against decentralising financial currency has been covered time and again, but the argument for it has not had as much attention – and it should, if not more. The world we live in today is a vastly different place than it was twenty years ago. Technological advancement introduced digitalisation on a broad scale, and every industry still thriving today has jumped on board with it.
Everyone seems to have their opinion about cryptocurrency, and it makes perfect sense why that is. When it comes down to it, decentralising financial currency is about taking societal function to new heights. Those new heights are evolutions where the middle men (being the banks and such) are eliminated from standardised financial currency exchange. And, funnily enough, cryptocurrency essentially allows for the allows for that decentralisation to occur. There is a lot of work to be done, but at the end of the day decentralising financial currency and bringing crypto to the forefront of the financial exchange ideal is the most logical next step.
The argument for decentralising financial currency is one that is always ripe with new points from both sides of the argument. On the one hand, cryptocurrency seems like another facet of all other digital systems – and those systems tend to be prone to cyberattacks more often than one would like to admit. But on the other hand, cryptocurrency has had ten years to build its foundation as strong as it can, and it has done so brilliantly. As it currently stands, the cryptocurrency movement is more secure than a lot of the traditional brick and mortar banks and plastic bank account cards are.
Cryptocurrency is the financial currency ideal of the future because it allows for a steady connection between finances and A to B, without the necessity of a third-party middle man (being the bank, for example). Cryptocurrency is the obvious choice. Now we all just have to get on board.