Today we saw bitcoin hit an all time high of $23k while its traditional counterparts are suffering a decline in value. Historically, when someone desires financial stability, they naturally go for safe investment is, such as gold, stocks, real estate. But with the outbreak of the corona virus pandemic we have experienced a shift in global economy, countries are facing inflation. As a result many individuals are beginning to see Bitcoin as a safer investment than its counterparts. Countries are slowly adopting crypto as a means of payment. Will bitcoin eventually dominate the world economy and replace traditional currencies?
Bitcoin is more than just an investment. It is the future of money system. When people realize that Bitcoin will break the traditional way of banking system, they will appreciate what bitcoin can offer. Bitcoin is at it's early stage, big companies have just started adaptating the use of bitcoin. The next few years will be big for bitcoin as more and more institution and companies are taking interest on tge use of it.