As we all know that Bitcoin is firstly introduced to us for it's convenience and numerous benefits. Being banked or underbanked, we can still enjoy the benefits and the accessibility of transactions as long as we have access to internet. Another benefit also is the anonimity it gives to people(although some would probably say not totally). By this, it is only right to say that Bitcoin has the potential to completely transform the way we think about money and finance. Compared to what we traditionally knew about finance, cryptocurrencies and bitcoin allows an individual to participate on the global economy without much requirement that otherwise it would be impossible. Although this is beneficial for developing countries, where traditional banking services may not be available or accessible, we couldn't deny the fact that it is slowly changing or disrupting the financial structure that we knew.
what do you guys think?
what do you guys think?
1.The way I think about money and finance hasn't been changed. I have financial education and my views about finance cannot be changed by Bitcoin or the cryptocurrencies.
2.I don't really think that Bitcoin is disrupting anything. The global financial fiat system is still strong and will continue to dominate the world in the next several decades. Bitcoin/crypto is an alternative. Do you really believe that Bitcoin will dethrone fiat money? I don't think so.
3.Having access to the internet isn't enough for "enjoying the benefits of Bitcoin". You need to have some money to buy Bitcoins first(or at least a way to earn Bitcoins with your skills and work).
4.What do you mean by "participating in the global economy without much requirement"? Buying stocks and bonds?