The Bitcoin virtual currency is one of the most striking phenomena of recent years. Most people on the internet consider investing Bitcoin as positive because it apparently represents a new decentralized version of currency that is beyond the control of any government. Click here to know about gdax.
Less control by authorities
It is claimed that the government can no longer manipulate inflation with the savings of citizens and citizens are now free. Due to the anonymity of the transactions, the collection of taxes is impossible. The only possibility of state financing should be crowdfunding, when the people themselves decide which government project they support. States together can no longer fight wars, because by disabling the “printing of money” they will no longer have the resources to finance wars. Visit this site to know about gdax.
It is claimed that Bitcoin is a revolution in remittances; remittances could not be simpler and seriously threatens financial intermediations.
In reality it is certainly a mystery what happens with cryptocurrencies or if it is only a social experiment because by not knowing the origin of resources, it is a tool that can be used to create fraud, money laundering or financial bubbles.
In the future, we will see the emergence of various digital currencies. We already know about Etherium, Litecoin and other digital currencies apart from Bitcoin. As, everything is moving to online, the cryptocurrencies will rule the world in the future.
A bubble is being created that sooner or later will burst the high price that Bitcoin has. This price, which has no foundation in the real economy, is not the first bubble created in the world, but it can have important consequences for investors in Bitcoin.