Bitcoin has already made millionaires. Some people are scratching their heads that Bitcoin even gave them the opportunity, while others are kicking themselves for not seeing it sooner. The thing is, you can still get rich from cryptocurrency, and it’s a no-brainer.
First of all, the world was hungry for a new currency. A brief history of our current exchange system takes us back to when people were trading animal skins for tools. Whatever had value could be traded for whatever a person wanted. Eventually, fiat came along. There were many steps in between, but the government got involved, and things were good at first.
The dollar bill was backed by gold, and it held value. The dollar was the top currency in the world at one point. But, look at its value now. The dollar bill loses value every time it’s printed. The government thinks they can just print more and send it out to the world for everyone to enjoy, but that makes its value plummet. That won’t happen to Bitcoin.
When Satoshi Nakamoto created Bitcoin, they only allowed 22 million to exist. There won’t be any more created. There is no way to duplicate it. Only the cryptocurrency that follows this model will gain value just as Bitcoin has.
Cryptocurrency serves the most significant purpose to bridge the gap between the rich and the poor. Millions of people around the world don’t have a bank account. The estimate is that about 14 million in America alone are unbanked, and that’s just a rough estimate. How cryptocurrency bridges the gap is that it provides people with a way to bank for themselves.
How many people do you know don’t have a bank account but do have a cellphone? A phone is literally all it takes for someone to secure and store their crypto. So if you’re doing the math, you can easily see that a phone now provides the marginalized a way to bank, for themselves.
Getting rich is only one step away. As Bitcoin and other cryptocurrencies keep rising in value, every dollar bill you convert will increase with it. The dollar won’t, but your currency will. That’s what Bitcoin promises, and the finance experts watching crypto are calling for it to continue its stellar rise. It’s already beating gold, and that’s saying something.
I touched on a few aspects of how cryptocurrency solves problems for the marginalized and how it can make you rich. But it’s a vast subject that has multiple target points. So stay tuned as I flesh out more ways Bitcoin and its many followers are solving the oldest mystery known to humankind, how to bridge the gap between the rich and the poor.
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