The Truth Behind Bitcoin

Bitcoin has taken the financial world by storm. Its price has risen faster than any other asset in history and for many it is simply an investment. However there are a growing number of bitcoin maximalists and economists who see it as the future of money.

So what is the truth behind bitcoin? Is it a get rich quick scheme or the future of money?

In reality it is still a very early technology and its price is volatile, but the fundamentals behind bitcoin make it an ideal form of money once its price stabilizes.

Bitcoin is more scarce than gold and so it is an ideal store of value. It has less friction and isn’t reliant on third parties and so it is arguably a better medium of exchange than the dollar system. Whether or not it will succeed and become the future of money and the backbone to our global financial system depends on how quickly and widely it is adopted over the next few years.

Видео The Truth Behind Bitcoin канала Grey Swan