Anyone who is an early investor in innovation tends to make some decent amount of wealth.  Investing in something early means one has to believe in it.  This should happen before majority of the people can actually understand it.  Early investors mostly get mocked, ridiculed and criticized for their non-consensus action.  Those who invested in Bitcoin (BTC) went through all of this and today it looks like it is worth all of that for those early adopters.

Fiat currency is considered to be way too complicated and investors feel that there should be some way by which it can be simplified down. It is mainstream and people are in reality putting up with it.  However, when it comes to payment systems considering the sensitivity of the transactions and the related importance, some kind of complexity is unavoidable.  Even when Bitcoin becomes mainstream or when it or if at all it becomes mainstream people will find some facets of it complicated.

Bitcoin is marketed as better versus the fiat settlement times, gold settlement times and a lot of other stuff.  One thing to remember is that Bitcoin was not created for competing with any existing fiat system.  It was created as a better technology to provide for better transaction experience between peers.

Sydney Ifergan, the crypto expert tweeted:  “While many people do not have the idea of how Bitcoin works, it is already established as the safe haven in the minds of several early adopters who are very clear about what they think BTC is.”

With the Federal Reserve in the process of converting debt in to money, investors are becoming alert and are working their way to be logical as opposed to buying the idea of fiat money to be superior by forgetting the impending inflation. They are looking towards a new safe haven and are interrogating in to the crypto.

Bitcoin (BTC) Simple and Efficient

Users are trying to understand how Bitcoin or crypto in general is working in a simple and efficient way when compared to the local currency.  They are trying to understand the problems that occur when money is transferred between two countries.

Some call fiat is financial engineering and they call Bitcoin Engineering.  Though it is an exaggeration the reality is that chances are rare for Bitcoin to completely replace the already existing currency theories, but it will definitely play a notable role in the value transfer mechanism particular in cross border exchange.