Know the history to get a glimpse of the future of Bitcoin
The following is a brief video from CNBC’s 2013 coverage of Bitcoin the first time it traded for $100. The people in this video discussed concerns about Bitcoin that are still held by doubters today. Additionally, it is important to note how far the adoption has come since this news segment in 2013.
Company’s worldwide have been increasingly accepting Bitcoin and other cryptocurrencies for transactions. People have bought homes, luxury cars, and everyday goods and services.
Recently, the Founder of both Twitter and Square, Jack Dorsey, went on the Joe Rogen podcast. He discussed Bitcoin and said that he believes it will become the currency of the internet. Watch here:
A Global Currency
It is easy for people in the US to only think about issues and things here in the US. Bitcoin has no boarders, and is both traded and used globally. It is traded much more in countries like Japan and China. In Venezuela, Bitcoin and other cryptocurrencies have become more popular than the government issued fiat currency. Businesses prefer people pay in Bitcoin over their own currency.
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