The futuristic utopia that technological progress promises is coming ever closer at an astonishing pace, yet unseen challenges, have surfaced during the COVID-19 virus outbreak. The pandemic has managed to plunder and destabilize the world in just the last few months, putting in danger not only lives, but economic boundaries, well-established global businesses, and the very essence of the world’s financial system.
The uncertainties surrounding the evolution of the coronavirus and its impact on the global economy are gripping. The world was not ready for a global pandemic, just as it wasn’t during the Spanish flu of 1918-1920 where tens of millions died, along with similar global plagues in history, like the Black Plague of the 1300s.
What is different this time is the fact our world has never been more technologically connected, with people able to work remotely, buy online, see a doctor through video conferencing, and purchase digital currencies unencumbered by the limitations of fiat currencies.
Indeed, well before COVID-19 arrived on the scene, digital assets have become a slowly maturing niche. The last decade has seen a new kind of currency evolve, with the Bitcoin cryptocurrency having emerged at the right time to save the world with a new definition of speed, transparency, and reliability, thanks to Bitcoin’s twin revolution of the blockchain.