Today's blog post concerns a major development in the world of digital currencies. Bitcoin which is the largest digital cryptocurrency in world with a global market capitalization of over $19 billion has been in the news and seen more than the usual price volatility lately (You can read about some of this in my earlier blog post here).
Bitcoin as an asset class and the technological blockchain ledger system behind it have the potential and current traction to totally disrupt markets and industries alike forever in the next decade. However, you may not be aware there are currently more than 700+ different cryptocurrencies in existence with various revolutionary technologies behind them representing more than $27 billion dollars in value globally.
So in case you didn't know by now digital currencies are no longer just a fad or simply some black market medium of exchange for illicit goods and/or services on the internet. They are the future - a future that will be reality sooner rather than later - whether you want to believe it or not. So I suggest you get up to speed ASAP. (I explain digital and cryptocurrencies in detail in lecture 23 of the No Bull Investing Course for Financial Freedom.)
Let me know your thoughts and comments on Bitcoin along with other cryptocurrencies in comments below.