The evolution of money and the establishment of central banking became the founding pillar of our modern monetary and financial system as we are seeing it being utilized on the global scale. As what we witnessed in 2008, there were and still are many huge problems with the system and coupled with the unchanging human nature of corruption and indignity, collapse of the system was then imminent if not for the rescue engineered by the government itself using the money of the people (presently living and those who are still to be born).
Then we have the entrance of Satoshi Nakamoto who brought to the world a new and game-changing innovation called Bitcoin using the blockchain technology as its foundation. At its core, this is going to be a disruptive model. Of course, those in the government assumed that this will never grow and flourish but alas what they feared is now coming true so that they are now noticing and issuing alarms. In the next few years, we are to witness a big battle between the people who are now trusting Bitcoin and those who are representing the old economic model. Which side will win is something exciting to watch.
Yes, I firmly believe that this is a war between the new economic order and the old economic order, and these articles I wrote recently are all around this point. Bitcoin will surely evolve into the super-sovereign currency of human civilization in the future. It will anchor the economic order of human society.For example, the themes of my series of articles these days are all about the core point that Bitcoin will become a super-sovereign currency in the future. I explained my understanding of Bitcoin from six different aspects: the history of the gold standard, the history of the Bretton Woods system, the Keynes Plan, the Triffin dilemma, the history of paper money, and Hayek's book: Denationalization of Money. Some of this knowledge is related to economics, and some are historical allusions, but they all show that our current world currency system is unreasonable. Therefore, a worldwide economic crisis will definitely occur in the future, and the existing world monetary system will definitely collapse. When the existing world currency system collapses, the people will actively choose to establish a brand new world currency system. This new world order is built around Bitcoin. These are my predictions for the future based on past history and basic economics knowledge. This is the basic law and inevitable choice for the evolution of human society. I firmly believe that the future will become a reality, and maybe it will take 10, 20, or even 50 years.