It is no big secret that the financial market has ebbed and flowed as the rest of the world has. As a species, we have forged and passed through multiple eras in time, with each of them serving a purpose and becoming an important chapter in the histories of both Earth and humanity’s story. One of the only constants in our species’ history is the concept of exchange. We have always used items as currencies to exchange and make mutual deals of agreement. This is not something that is inherently human, either. This is an age-old trait of various species. Penguins trade rocks for partners. Male Birds of Paradise use their bright displays as a means of exchange of courtship. The list of examples goes on and on.
For humans, these items have not always been coins (contrary to popular belief). However, for a very long time they have been. Until now, that is. Surviving era after era, currency has finally found itself infiltrated by technological and digital revitalisation after the concept of cryptocurrency was first introduced. In short, cryptocurrency is essentially a digitally-reliant form of currency. Entirely decentralised, cryptocurrency is electronic cash. With no ties to any central backs or administrators, this is a form of financial currency that can be obtained literally anywhere and can be taken anywhere, anytime.
At the forefront of this digital financial currency revolution is Bitcoin. The best way to describe Bitcoin is to say that it is essentially the founding father of crypto. While not necessarily the very first cryptocurrency to come to fruition, Bitcoin is certainly the most popular. Pioneering the decentralisation of the financial market, Bitcoin has lead the way in testing trials for crypto and now, as the form of currency becomes more and more popular, it has increased in value tenfold over recent years. Bitcoin (and crypto as a whole, of course) is the answer to making finances easy, effortless.
It is the perfect acclimation of the financial sector to the modern – and future – individual. The decentralisation of financial currency has come at a time where we have been more focused on digital advancement than ever before, and it is perhaps (at least partially) the reason that it has been such a force. As with any great innovation, cryptocurrency has had its fair share of challenges to overcome. Each of these trials and tribulations has only served to prove how promising, how valuable cryptocurrency is to the future financial market.
The rise of Bitcoin as the future of the financial economy makes perfect sense. When it first came to fruition, we lived in a time where new feats of technology and digitalisation were alien, even frightening for us to comprehend. Now, we live and breathe tech and digitalisation, to the point that we crave it. Taking the financial market digital is a natural next step in the evolution of the global economy, and finally it is getting the recognition and utilisation that it deserves.