Bitcoin is reportedly moving into forbidden territory as it sparks a wave of controversy among “high” society and savvy digital investors. These digital marketers are scrambling to get their share of the billion-dollar-a-day digital pie, while corporate society is scrambling to stop the spiraling cost of what appears to be a “money menace.” Some who seek to exploit the poor and vulnerable do not feel this way when they try to indoctrinate the masses in an attempt to destroy this growing “digital monster”.
These seemingly corporate crooks continue to stifle how the less fortunate spend their money in an attempt to create financial cartels around the world, but thanks to digital technology, Bitcoin has revolutionized money control in the 21st century!
Cons
Despite the rise of digital currencies such as Bitcoin, it would be remiss of me not to highlight the shortcomings of these virtual currencies. Because their digital footprints are encrypted, they are untraceable online. While you enjoy privacy and security when trading, it provides another gateway for concealment and illegal transactions.
If this happens, drug dealers, terrorists, and other criminal suspects will continue to ply their trade undetected using Bitcoin.
Pluses
However, amidst the monetary chaos, Bitcoins offer anyone a huge investment opportunity and growth potential. No one controls the virtual currency as it can be accessed by the public in cyberspace and the value continues to rise as society stumbles over the wreckage of inflation.
The average person on the street can buy, save, trade, invest and increase their chances of becoming financially successful without the interference of government restrictions, controls or trust rules; thus, spiral inflations are a thing of the past.
Many do believe that the number 1 problem in our society is the establishment of financial monopolies. When one corporation decides to control foreign exchange, gold, and fuel, it uses its power to dictate how money should be spent.
The rules set by large and wealthy multi-corporations are only designed to increase the wealth and power of their portfolios, not to benefit borrowers seeking financial assistance. Also, those at the top are trying to drain the swamp so others can depend on them, while they can get richer, but they can’t control the digital currency!
The bright side of the coin
It’s time to open the eyes of the world and this is what Bitcoin is. Those trying to control the world are threatened by this Frankenstein, but I doubt they will be able to stop or start it. 1 Bitcoin is currently worth 844099.07 Jamaican Dollar or 6895.80 US Dollar. The price of 1 Bitcoin in 2009 was 0.05 USD!