Let’s start by answering the very question of what exactly is cryptocurrency?!
Well, if you ask me- it’s a 21st-century unicorn or in plain sailing, the money of the future!
Since you have made it to the third line, let me tell congratulate you on the fact that now you already know more about cryptocurrency than most of the people.
If you take away all the hubbub around cryptocurrencies and taper it to a simple definition, you’ll find it to be just limited entries in a database no one can change without fulfilling specific conditions. This may seem ordinary, but, believe it or not: this is exactly how you can define a currency.
Today cryptocurrencies have become a global prodigy known to most people. While still somehow geeky and not understood by most people, banks, governments and many companies are aware of its importance.
Mostly due to its profound properties cryptocurrencies have become a success which Satoshi Nakamoto, the brain behind this, didn‘t dare to dream of. While every other attempt to create a digital cash system didn‘t attract a critical mass of users, Bitcoin had something that provoked enthusiasm and fascination. Sometimes it feels more like religion than technology.
Cryptocurrencies are digital gold. Sound money that is secure from political influence. Money that promises to preserve and increase its value over time. Cryptocurrencies are also a fast and comfortable means of payment with a worldwide scope, and they are private and anonymous enough to serve as a means of payment for black markets and any other outlawed economic activity.
The cataclysm is already happening. Institutional investors start to buy cryptocurrencies. Banks and governments realize that this invention has the potential to draw their control away. Cryptocurrencies change the world. Step by step. You can either stand beside and observe – or you can become part of history in the making.