You are probably aware of the recent news about removing the fiat money for good and building up the cashless world.
Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project? Would you still keep your money as bitcoins? Would you trust them? Do we know who the hell is Satoshi Nakamoto? I suure don't.
There is one big danger ahead. If the paper money gets removed, you will have no choice but to accept to get paid in crypto currencies. And to the big point:
If you keep your money in a goddamn computer, the government can rip you off instantly if they wanted it. I am not saying they aren't doing that already as most of us are keeping *our wealth in the banks. But cryptos will make their jobs easier. Much easier.
What if bitcoin price rises to 1.000.000$ and gold and USD become literally worthless? That's when bitcoin will be the world currency, and people gonna realise that gold is just a stone, USD is just a toilet paper.
Your won't have another choice but to store your money only in crypto, because the other choices will be worthless!
I am not sure if that's a good thing. Being dependent so much on computers just scares me.
That is an interesting point of view, but I think there is nothing to be afraid of. First of all, even though bitcoin is quite famous, still the majority of world population have no idea about it, so it will take a plenty of time till everyone would be familiar with bitcoin. Talking about gold, just think for how long it has already existed and is has never been worthless. So why should it lose its value? Gold is just a way to make a good investment, there could be other precious gems, or real estate, etc. And about USD, maybe it will no longer work, because, pure and simple, BTC is much more handy.