Cryptocurrency is the future of money.
The reason cryptocurrency is great is that it implements blockchain technology, which allows us to remove the middlemen from daily transacting in many different industries. When you have middlemen, there is inevitably fraud and insecurity.
The first industry that blockchain technology has disrupted is banking. The banking system is a system of middlemen. Basically, when you give your money to a bank, you are trusting that they will handle your money properly and eventually give it back. We are lucky that we live in a time and a place in the United States where the has been predominately the case, but in many parts of the world right now, it isn't.
Banking is essentially a system that allows the rich to oppress the poor. The reason people who work in investment banking make so much money is that they are shaving off large percentages of the money we give to banks through fees. With cryptocurrency, there are no fees. We can transact "peer to peer" instantly and with no fees. This is great because I can sent some money to my sister when she is in China and I will not be charged an enormous fee for that transfer.
So cryptocurrency is truly revolutionizing our world. It's globalizing and democratizing everything. It's creating a more even playing field, so that the 1% does not have absolute control.
Worldwide adoption is still quite low right now, but eventually the whole world will start piling in and fiat currencies will collapse. It will happen sooner than you think! Eventually, dollar bills will lose their credibility and it will be unfortunate to hold it.
Just think about the way things are evolving in this world. A dollar bill says, "In God we trust." My digital cryptocurrency wallet says, "Vires in numens" -- trust in numbers.
Throughout history, we have been evolving in the following order: Theism, humanism, dataism.
It used to be in the old ages that if you had a sickness, you would pray to God and hope that God would heal your sickness.
Then the Renaissance took place, and we saw the rise of humanism. Suddenly, we placed our faith in reason and science, and if we had a sickness we would go to a doctor and trust that the modern application of medicine would heal us.
Now we are shifting towards dataism. More and more, we are starting to place our trust in numbers and machines. In the future, if we have a sickness, we will have a machine that will be perfectly programmed to operate on us and fix our illness. We will have nanobots that are injected into our bloodstream, which can clean up infections and diseases.
All humanitarian and technological aspects aside, cryptocurrency is a great way to build a stronger financial future for your family.
It's better to get on board now, while it's still early, rather than be left behind. Get in while the getting is good!
I'm not advocating investing all savings in cryptocurrency. That would not be smart. Cryptocurrency is volatile, and it's a new atmosphere, so naturally there are lots of risks.
But there are also tremendous risks in the stock market right now. I would not recommend investing any money in stocks right now. Stocks have had a 10 year bull market, following the crash of 2008 and a 50% crash within the next one or two years is very likely. If you have lots of money in the stock market right now, you will be very sorry indeed.