“The future of money,” “drug dealer’s dream,” “transformative,” “disruptive”– Bitcoin has been called many things. Beyond its anonymous nature, bitcoin has the potential to change the way we bank, make transactions, and view money.
A rare combination of technology and finance with global reach, bitcoin’s framework is impressive. Its real potential is not in its high exchange rate valuation or in providing an additional virtual currency that is free from governmental or political interference. Bitcoin’s potential lies in its underlying technology, a secure system with built-in authentication of transactions and record keeping, which could change the global financial ecosystem.