In the future, i feel like digital currency will become the norm. In today’s world maybe people use cash less and less and they stick to debit cards and credit cards. Bitcoin has been getting more popular throughout the years but i feel like many people in this generation found out how impact it was back in 2016 when the movie dope came out. Of course many people knew about it before 2016 but that movie cause the young generation to understand a little bit of how it works. Eventually since everything is becoming digital, digital currency is already making its way to an everyday use. Almost everyone uses apps like cash app zelle and quickpay to send money to people and it is convenient because it sends almost instantly.
A problem with digital currency is that it can be used for the wrong reasons. Digital currency like bitcoin can’t be tracked by the government so often its used as money to buy illegal things such as drugs and guns. Digital currency is used in the Black Market/Dark Web because of this reason.
Something positive about digital currency is that you can invest into it. Back when it first came out, one digital coin was worth a couple cents, now one coin is equivalent to about $4,000 so many millionaires were easily made. ”The new bitcoin millionaires are a weird breed: government-hating libertarians rich enough to hack the systems that make Washington, DC, function. In that town they even began to sound a little like VCs themselves. “Setting regulatory certainty is very important for bitcoin,” Ver says. “I’m opposed to the regulations, but the bitcoin businesses need to know the rules of the game in order to move ahead.” “Bitcoin’s JourneyThough it first appeared in 2009, bitcoin didn’t see much action until 2012, when more than 1,000 new merchants began accepting the digital currency. Since then the number of bitcoin transactions has climbed steadily. Its value has risen precipitously too”. In the future i feel like the government is going to get more involved in regulating it and find ways to track who spending it and from where.