Bitcoined - Future or Near
By the end of 2040, the only analog thing sustained in this digital world is humans. With almost every aspect of our livelihoods taken over by some technology, it becomes very modest to let go of the fact that we are very close to an entire digital revolution. One of the hot topics in the not-so-hot months of 2021 is the digital currency, Bitcoin.
With exceptional growth seen in the bitcoin graphs, debates have started to rise to be a worthy investment. It cannot be denied that bitcoin has indeed railed and crashed like anything in the past. Things this time seem different. Bitcoin has been influenced and manipulated by unwanted inputs, including the unstable buying and selling of the currency. Experts say this season; higher authorities entirely regulate the value, including investors and corporate leaders, as they start to embrace its real value.
The rise of digital currencies in general, and Bitcoin in particular, is at a stage that business executives need to start thinking critically about how to integrate them into their overall financial plan. That doesn't mean only accepting bitcoins as a form of payment, either. Companies may consider using digital currencies as part of their investment portfolio or secondary stock offerings. Corporate executives are beginning to see the real potential of digital currency for business operations and widen their vision to include more ways of leveraging them.
While all of this sounds so honeymoon-like, we must all wish for our lucks never to encounter scenarios like the one in 2017. The year when bitcoin almost touched $ 20,000 and further fell to 80% in the following year, investors faced a loss of billions of dollars. While some of us might want to dive into the risk, we mustn't ignore the precaution to pull the socks up a notch and prepare for failure if it exists.
The digital currency being a trend, has led countries and companies to try their fortune in the industry. Countries like China and companies like Facebook are trying to start their own set of digital currencies that can attract the right audience to accept them as a means of exchange in the days to come.
Gone are the days of using banknotes or cheques to pay for the candy. We are close to being introduced to an era where we will have a common currency irrespective of the country we live in.
