It is reported that Bitcoin is operating on forbidden grounds because it has created a series of controversies among the “high” society and smart digital investors. These digital marketers are trying to get their share of the billion-dollar-a-day digital pie while corporate society seeks to prevent the spiral hike in value in what appears to be a “monetary menace”. Others who try to exploit the poor and vulnerable are not having it as they try to inoculate the masses in an attempt to defeat this growing “digital monster.”
These seeming corporate crooks continue to put a choke-hold on how the poor will spend their money as they try to build financial cartels around the world but thanks to digital technology, Bitcoins changes money control on the 21st!
Cons
Despite the development of digital currencies like Bitcoins, I will not reveal the cons of these virtual currencies. Due to the fact that their digital footprints are encrypted, they cannot be tracked online. Although one enjoys privacy and security when doing business, it provides another gateway to hide and conduct illegal transactions.
If this happens, drug dealers, terrorists and other suspected criminals, will continue to conduct their illicit trade undetected when using Bitcoins.
The Pros
However, amidst the financial chaos, Bitcoins offer anyone great investment opportunities and growth potential. No one controls the virtual currency because it is publicly accessible in cyberspace and the value continues to appreciate as society stumbles through the debris of inflation.
An ordinary man in the street can buy, save, sell, invest and increase his chances of becoming financially successful without the interference of government restrictions, controls, and fiduciary regulations; so spiral inflation became things of the past.
Many believe that the number 1 problem in our society is the establishment of financial monopolies. When a corporation decides to control foreign exchange, gold, and fuel, it uses its power to dictate how the money is spent.
The regulations set by the big and rich multi-corporations are only aimed at adding more wealth and power to their portfolio rather than taking advantage of borrowers seeking financial assistance. Also, those at the top will try to drain the swamp so that others can trust them as they become richer but they cannot control the digital currency!
The Brighter Side of the Coin
It’s time to open the eyes of the world and that’s what Bitcoin is all about. Those who try to control the world are threatened by this Frankenstein but I doubt they can stop it or call the shots. Currently, 1 Bitcoin is worth $844099.07 Jamaican Dollar or $6895.80 US Dollar. The cost of 1 Bitcoin in 2009 was.05 USD!