Well, I think it is working. there may be other currencies like it that may be even better. But in the meantime, there’s a big industry around Bitcoin— people have made fortunes off Bitcoin, some have lost money. It is volatile, but people make money off of volatility too.
–Richard Branson
Crypto currencies are considered among the big players today in the investment world! We’ve seen at one point the market cap of one of the main crypto currencies (Bitcoin) was more than $1 Trillion! Thats a 1 followed by Twelve Zeros!
What is even more important than crypto currencies, is the Block Chain Technology which Bitcoin and all other crypto currencies and tokens are built on. Let’s just say that Blockchain to Bitcoin is what the internet is to the Email! There will be in the near future if not happening already al lot of applications for the block chain technology, that will be widely spread and used in a vast number of purposes.
The future of money will also be strongly influenced by block chain and digital currencies, weather it be Bitcoin or any other coin or even a bunch of coins for different purposes, the fact remains that block chain will revolutionize the future of finance and money as we know it.
The world is now moving towards digital everything, so the idea of having a physical credit card, to hold in your hand while paying is soon to be obsolete, let alone paper money! So I personally think that a digital global currency is the future, however the market for that now is extremely volatile, although the technology has been there for more than a decade now, it is still considered pretty new, thats why it will take some more time before it’s a stable, fully regulated market.
Good investment if your are willing to take the risk of a volatile market indeed
Thank you!