The advent of Bitcoin and blockchain technology is eliminating financial difficulties for the masses. Within a short time, Bitcoin has grown rapidly in value three times this year alone. First, it moved from #3,000 at the start of this year, then it went to a whopping $14,000 in June and currently $9,998 (at the time of making this report).
Sometimes this year, altcoins seemed to be leading the pack with a strong performance in terms of value and market cap. It was even tagged "alt season", which trended for some time.
Over the years, Bitcoin has demonstrated a sound means in a way that trust and transparency are practiced among developers, fin-tech users, investors, and service providers.
By the World Bank's global financial index, there are over 2.5 billion underbanked and unbanked persons from different parts of the world, which is almost a quarter of the world's overall population. It is for this reason the rate of poverty grew even much more, individuals we're faced with an inability to access the financial system while transactions tend to be inconvenient and challenging.
This is why jumping on the bitcoin bandwagon is ideal for anyone who wants to break the shackles of poverty.
Regardless of the instability of bitcoin and other cryptocurrencies, the value of this currency has indeed increased immensely. Moreover, other higher and powerful organizations are recognizing this technology and the majority are already utilizing them in their designated fields.
Disclaimer:
This is not financial advice, nor a guarantee or promise in regards to any result that may be obtained from using the above content. The information provided here is for informational and entertainment purposes only. It should not be considered as financial and/or investment advice. No person should make any kind of financial decision without first consulting their own financial adviser and/or conducting their own research and due diligence.
Reference:
Bitcoinist