It has already been 11 years since Satoshi Nakamoto launched the white paper of the Bitcoin, the October 31, 2008. And since then many things have happened. The crypto community has experienced joys, sorrows, emotions, and disappointments, that at the end of the day have made it more strong. That’s why, to celebrate this anniversary of the Bitcoin, we will talk in CriptoTendencia on what has happened in this time, and the great possibilities it opens for the future the criptomoneda.
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Why Bitcoin?
For someone that has just started to bring the cryptocurrencies, it is normal to wonder why create a virtual currency to replace fiat money? After all, aren’t the coins to fiat the basis of the modern economy? And this always works well, isn’t it? Well, not really, the world economy has many problems, and most of them are products of manipulations in the market. Carried out both by bodies of the State and by large financial companies in the banking sector. Organizations that take advantage of its privileged situation, to intervene in the financial market in pursuit of their individual goals. But what is certain is that the costs of these manipulations are not assumed by these organizations. But for ordinary citizens, who must suffer the consequences of the cracks and recessions. Among which, the example of the 2008 crisis continues to be the best to illustrate this situation. And this is what pointed out by Satoshi Nakamoto (the pseudonym of the creator of BTC), when he launched the white paper of Bitcoin. To create a currency that was safe from the manipulations of both governments and entrepreneurs. Whose future were in the hands of the citizens who will suffer the consequences of their performance. And that would serve to inaugurate a new era in the international economy.
A history of high and low
Beyond its original vision, the aspect in which most people are familiar with the Bitcoin, it is for its price. And, the BTC has established itself in recent years as the financial asset with better returns so far this century. In just the last 5 years, the Bitcoin has experienced a growth of 2771,84% in your quote. A trend that did not but increase with the rally of a bull of the last few years. Those who have been, in addition, a crucial factor in the diffusion process of the criptomoneda. Evolution of the price of Bitcoin exponential growth in the price of BTC during the year 2017. Has been one of the increases in the value of an asset most important of recent times. Therefore, the same, not only served to enrich those who adopted this currency early. But to visualize a whole ecosystem. Since, the bullish rally of the 2017 put the spotlight of the major media about the Bitcoin. Attracting a huge amount of users to the platform of the criptomoneda. And increasing awareness within the society about the potentialities of the technology Blockchain.
A revolution in cryptographic
In their struggle to improve the world in which we live, the Bitcoin is not alone. Therefore, since the release of its white paper in 2008, this criptomoneda has positioned the technology Blockchain within the discussion of technological at a global level. Serving as proof of the potential that has the same, and the capabilities that it offers. Thus, the achievements of the chains of blocks and products that are based on the same. Are, at the end of the day, a direct consequence of the rise of the Bitcoin, and the development of functions that have become increasingly complex in the Blockchain. And this is no small thing. We are referring to the decrease of the time of realization of international transactions from days to seconds. The possibility of creating contracts with smart, self-executables, and impossible to hack with an ease unheard of. The creation of a platform for the implementation of public policies in a transparent manner. And hundreds of other functions that has the technology of Blockchain, or that are in development and will be launched in the coming years. Which, would not exist at all, without the support of Bitcoin to serve as a showcase of the chains of blocks. So we can say, without fear of err, that the BTC and Satoshi Nakamoto are the source of the crypto revolution is in progress.
An asset to protect your value
Finally, the key to understanding the development of Bitcoin during the past few years, it is your position as the active reserve of value. What has led him to be valued by investors around the world, managing to compete directly with the gold. And is that, this criptomoneda is starting to be globally recognized as an asset (store of value. That is to say, as a financial product in which large capitals can take refuge in times of economic uncertainty or policy, protecting its value. This is so because of the lack of proportionality between the international financial market and the of Bitcoins. Which means that, when the financial market falls due to economic turbulence, political or social the price of BTC remains stable. Attracting investors eager to protect themselves in times of uncertainty. Its role as asset book value, will be the most important element of the development of Bitcoin in the years to come. For the same, will allow you to get to the height of the gold as an asset of the trust. But with the advantage of being far more simple to accumulate, use and settle the solid gold. Therefore, we should not be surprised if in the following years, Bitcoin gets consolidated at a global level as an active reserve value trust. Since, the revolution Bitcoin will not be stopped, but which will attract more and more users. What makes it the wisest choice in the present, the betting on the Bitcoin and join the crypto revolution. The following two tabs change content below. Student of International Studies, interested in issues of economy and international politics. Passionate about the progress of the Fourth Industrial Revolution in general and the cryptocurrencies in particular.