Some skeptics believe Bitcoin is a nothing-burger, or that’s fake. It’s more real than many people think, and we’ve yet to see the best of it.
It’s been more than 16 years since Bitcoin became went into existence.
Even to this day, there’s still a lot of questions and debate whether Bitcoin is a real thing, or is it this fake thing that people buy for no good reason?
I find it interesting because Bitcoin has been around since 2009-
Yet people still think it’s not real.
I think there’s something more to it that I think a lot of people don’t realize.
We don’t understand what the future of Bitcoin holds and how it can benefit society together.
I’ve been reading a lot about Bitcoin over the last few years, but definitely most recently, I feel that Bitcoin has come a long way.
When it started out even over a decade ago around $110, and how quickly it grew in value when it went into the $10K value, then the $20K number, and so forth.
I think the $20K or the $20,000 standpoint was when people started to take Bitcoin more seriously.
They started buying into it for good reason.
But also at the same time, it’s a volatile asset that moves up quickly, but it can also move down.
So, why is there so much volatility around Bitcoin?
Even though it’s in its teenage years, it still has yet to develop an established point where people are like, “Okay, it’s now the norm.”
It is what it is, and acceptable in everyday society.
We’re not there yet, but I would say we’re still in the early adoption stage.
But at some point in time over the next several years, we’ll probably get to mass adoption at some point.
It definitely has come a long way.
As much as some people think it’s not real or it should be abandoned altogether, I think it’s a real phenomenon.
I think we have yet to see the best years of Bitcoin because there’s a lot to look forward to, and especially when it comes to blockchain.
I’m a big fan of blockchain technology.
I think it’s something that over time it’s going to change the way we manage finances.
So there’s a lot to look forward to because I don’t think Bitcoin is going away anytime soon.
It will be something that we will look into, and I think a lot of people will be adopting it.
Now the question is- Will it be adopted as a primary currency or be the world’s reserve currency?
I don’t know.
It won’t happen tomorrow or so, but maybe at some point.
But that yet remains to be seen, and it’ll be something to really take into consideration.
I talk about Bitcoin a little bit in my newest ebook called “Pennyfull versus Cashflow”.
I discuss about how Bitcoin is one of the other alternatives to savings accounts, and how it can be more beneficial to building your wealth.
Although there’s another way that I do talk about in the ebook as well that I think would be a far much better choice.
But that’s for you to decide.
There’s definitely a lot of good insights when it comes to Bitcoin, but also some other alternatives that I go over.
So if that interests you, be sure to check it out here, and I look forward to seeing you on the other side.
Until tomorrow,
-Eric
Bitcoin’s Not Going Away- It’s Here To Stay was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.
