At Numbrs, we believe Bitcoin is a technology as revolutionary as the steam engine, an innovation that will likely upend the world’s financial and monetary systems, disrupt geopolitical configurations and alter social perceptions of economic value.
No government, person or organisation can change that supply cap, nor can they control this network of transactions, which is now used by hundreds of millions of people, and which settles more transactions than the world’s leading credit card companies.
National and local governments are just starting to compete in order to attract the capital and innovation emerging from Bitcoin.
These attributes are particularly valuable in times of crisis and this has become clear in countries that are undergoing severe economic crises such as Lebanon, Russia, Venezuela, Argentina and Turkey as well as conflict zones such as Syria and Ukraine.
As governments continue to debase their currencies and face inevitable inflationary and debt crises, the power of blockchain technology will inevitably become increasingly recognised and a growing number of people will recognise the value of Bitcoin’s sound-money system.
It also costs considerable time, money and effort to move these metals around and requires a sophisticated verification system of assaying to ensure the quality of the metal is equal to what is being proclaimed.
Society will gradually realise that crypto should be seen as an unfolding virtual world where digital possessions will be similar to physical ones, virtual experiences similar to actual ones.