Everyone knows crypto is the future, and those who still say it isn’t will be left behind. However, let’s address the elephant in the room. Bitcoin is the way of “under the table” transactions with fast non-taxed untraceable transfers. If you believe that’s going to become less popular (especially with sharks), you’d be the wrong friend.
It is untraceable. Even though you can see all the transactions on the blockchain, you still don’t know who owns the wallet.
It’s anonymous but not untraceable. If the feds know your wallet like everyone is shouting on social media, then they can see you’re every transaction. Maybe we can say, untraceable compared to fiat.
Crypto is the new religion of millions of millennials, and their fathers are also adopting it. The challenge now is that Bitcoin Whales and Hedge Funds create the FUD to scare people into selling their BTC.
The reality is that any existing system backed by ‘big money that competitors meet will always create large FUD headlines to strangle it in its infancy. However, the buying and selling of BTC continue.
Steve Jobs was supposed to lose everyone’s money, and the Macintosh was the death of personal computing back in the ’80s. Windows 95 was supposed to be a huge failure, and Microsoft was supposed to go into receivership by ’98. Look now. They have won, and BTC will win.
Those who are already in are early participants of the ingenuity of crypto. With some fairness from regulators, BTC will win versus the noise of running the printer.
Just like the Internet when it came out, BTC is slow, and the transactions are expensive. There are several methods to make it affordable and fast. Bitcoin will stay, and eventually, it might be outrun by Ethereum; however, Bitcoin will always play a major role just like the internet today does.
Bitcoin is great but deriving the method of valuing it is hard, but it is overvalued right now, according to many. Most of them who buy BTC and sell BTC is here for the future. Things keep changing. We need to go forward. It does not make sense to deny the reality. We have to face it and get used to changes like the BTC.
Several businesses claim they cannot be in crypto. Eventually, with a lot of changes, we will witness real life will be bridged to crypto.
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