Over the past 8 years this little thing known as crypto-currency has grown from a single theoretical idea on a forum into one of the greatest technological revolutions of the new millennium. While the internet with its pre-2000 origins has largely reshaped the planet and the way we live on a day to day basis Cryptocurrencies is proving itself to be the Trojan horse the worlds existing financial system never expected. Cryptocurrencies while almost 9 years old at this time are still and should be considered as a whole in it’s infancy. The blockchain technology that has given birth to the thousands of cryptocurrencies that exist today has proven to be a limitless technology that will allow citizens around the world to unchain themselves from the governmental controls of national finance models such as the Federal Reserve and IRS systems that are in place in the United States.
Where do we go from here?
At the current time of this article there are currently over 1,000 recognized cryptocurrencies being marketed and developed world wide and with any opensource protocol available to create such currencies we can only fathom how many more will be created within the next 10 years. This leaves alot of room for speculation as to which Crypto’s to take seriously and which ones to invest in. While I have quite a extensive background in stock and cryptocurrency trading I have come to realize over the past few months that the path to financial freedom through the form of Crypto Currency investing is through a simple easy approach to limit your risk. You must invest in the leader.
Bitcoin has proven since its inception and creation in 2008 to be the standard which all other cryptocurrencies are judged and has become the indicator for which all market direction is based off of. While the last couple months have proven to be very voliatile for Bitcoin we have seen Bitcoin weather the storm and continue higher in price. Establishing new highs on a consistent basis and growing over 400% within the past year have proven to be a beacon call for all investors to take notice of the growth in the Bitcoin markets and has rallied institutional investors to rush to implement adequate trading and investing platforms so they too can take part in the huge growth in the cryptocurrency markets.
While on a day to day basis on the Crypto News broadcast we speak of a wide range of coins which may offer profitable trades, my mind always comes back to the little coin with the “B” on it. While we have seen speculation of Bitcoin reaching highs in the Millions the road to a seven figure Bitcoin will be sure to be at least 5 years away at least. However the Bitcoin community has over the last 8 years found ways to make the strides needed to keep Bitcoin from falling from the coveted #1 spot. I find myself sometimes really appreciating the fact that the simplest coin out of the hundreds circulating has brought the greatest amount of change, stability and revolution to a planet ran and enslaved by the current monetary systems. While I do feel like Bitcoin is a the best pick for longterm gains to date I feel it is everyones responsibility to own atleast a small amount of Bitcoin as a showing of strength to the world that when in the face of corruption, greed, and inflation we will find away to succeed.
Matthew Beasley
GetCryptoNews.com