When Bitcoin was born ten years ago, the world was torn by financial crisis.It was 2008.
Major governments had piled up massive debts.
Lehman Brothers failed, triggering a chain reaction of even greater failures in the banking system.
Governments responded by printing unlimited quantities of money.
And Bitcoin was born as Satoshi Nakamoto’s indignant response to the mess they created.
The dream: To create a peer-to-peer system of electronic cash, killing three birds with one stone:
One: Bitcoin would unshackle money from the control of those who created the financial crisis.
Two: It would replace their behind-the-scenes deliberations and manipulations with the first-ever form of money that has a built-in monetary policy.
Three: The monetary policy would be stable, predictable and completely transparent — visible to everyone.
That was the dream. But it has not been the reality.
Bitcoin will more closely resemble a store of wealth (like gold) than a system of electronic cash.
Here’s what actually happened ...
source:
https://cryptonews.com/exclusives/bitcoin-investing-in-the-2020s-4895.htmthe article above is a piece of the past about bitcoin let's share opinions:Will Bitcoin be many times more valuable by the end of the decade?
Or will it be mostly dead?
Will it be replaced by cryptocurrencies with more advanced technology?
If so, will those cryptocurrencies have begun to replace most fiat currencies?