Bitcoin is Growing Beyond Politics
We are living in historic times that could be looked back on as a financial revolution in decades to come. The last week has been a huge turning point in the evolution of money 2.0.
President Trump openly made a statement on social media regarding Bitcoin, which was followed by the U.S. Treasury Secretary officially addressing the world and declaring cryptocurrencies a “national security issue.”
Ten years ago, the fledgling Bitcoin community could only dream of witnessing the world’s most influential discussing, debating, and respecting Bitcoin. More high-profile people are openly recognizing this financial innovation and the simple fact that times are indeed changing.
Such coverage of digital assets has been heralded as a huge victory. With the advancement of blockchain technology and the strengthening fundamentals within cryptocurrencies, the mainstream media and ruling authorities can no longer ignore and dismiss what is happening in real-time.
Bitcoin operates beyond politics and is not governed by a single force or nation state. While this defies and disrupts the global status of the U.S. dollar, it is a fitting component to a society that is now entrenched in the Internet of Things (IoT).
Millennials have grown up in the aftermath of the 2008 crisis and are now becoming the dominant demographic in the economic and political landscape.
As millennials take their place as the dominant generation, the key discussion points of elections also change with the times. Bitcoin and cryptocurrencies have forced governments to take notice, elevating them to a higher level of acknowledgement. Could Trump be slamming cryptocurrencies as part of his 2020 game plan?
As discussed in a previous post earlier this month, Facebook’s Libra cryptocurrency has been a massive CALL TO ACTION to the realization that Bitcoin and other flagship cryptocurrencies are likely here to stay and WILL disrupt the financial system.
It’s another victory for Bitcoin and ALL cryptocurrencies!
This is not investment advice; please always do thorough research and only invest what you are willing to lose, especially in times of uncertainty.