Bitcoin is really hitting its ATH, as we can all see at this point in time , well I regret it because I don't have any of it , but I have been lost in thought for a while thinking of these ,
Is bitcoin the money for the internet ?
Yes , business are starting to adopt the use of bitcoin as a means of payment , no doubt about that but at the end of the road they turn it into fiat for proper use.
So if that is the case , I don't see a world were bitcoin would be mass adopted
Firstly , bitcoin is limited in number (21 million) and the world population is higher than that if not twice , so it can't be mass adopted.
In my opinion satoshi was trying or is trying to bring the world together through an imaginary currency , in that process trying to eradicate some level of poverty,
eg:
if you invested in bitcoin at an early stage it would have made you twice richer especially in countries where there fiat price is lower than USD. Like Nigeria($32k in naira is over 15M) .
Bitcoin blockchain is free at the moment because everyone is holding theirs to see it next pump , imagine a point where everyone wants to transact , it makes the blockchain accumulated , high miners fees, and imagine paying for a good with bitcoin and the seller has to wait for hours or days to receive his payment.
We could say bitcoin is a great investment but i can't see it as a currency for the future .
Please it is from my own point of view
Bitcoin is the internet's money. Not only that, it's the future's currency. Sure, bitcoin can't totally eradicate fiat, no doubt about that, but it will be massively adopted through the world.
As for the limited supply of bitcoin (21 million), it is true this can't go round if we are to have 1btc each. Don't forget, however, that bitcoin is divisible. Its unit is Satoshi. 1 Btc is 100 million Satoshi which means you can buy in units.
As to what Satoshi was trying to do when he created Bitcoin was to return financial power and control back to the masses. He wanted to take power from centralized institutions like banks and the government and give those power to the people so they'd have control over their own money.
It is true that bitcoin serves as a digital money or as we all know cryptocurrency which can be earned and can be seen mostly in online. This digital money is oftenly used in online gambling, online transactions and even in online playing bills. Bitcoin somehow manage to adopt the innovation of technology in the 21st century where mostly used today also because of pandemic is hassle free or digital. The idea of bitcoin is to have a decentalized yet changing coin in the market where we can be used as a source of income. In trading, rhis kind of coin are mostly used because it is also hassle free to send money online and as the year passed by, bitcoin started to developed and change time by time. Every year it improves.
