The impacts of bitcoin

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5 big impacts Bitcoin will have on your life

July 21, 2017 10:39 am Published by

 

Will bitcoin really change your life?  Yes, absolutely — I’m 100% certain of it.  And no I don’t have a crystal ball…  I have something better: Foresight. History. Facts.

Just like the Internet changed soooooo much about our lives… bitcoin is being called ‘The Internet of Money’.

That is: The global money game is changing.  And the power is now with the people!

More equality, more wealth, more choice

If you’ve ever given charity… or ever tried to save money… or ever wanted to make a good investment… or been frustrated with banks or governments… then you’re going to LOVE what bitcoin can do for you, your loved ones, everyone.

Bitcoin is more than just ‘digital money’. It’s about equality, access, and a more open framework for society.

Let’s take a quick look at five big impacts that bitcoin will have on our lives in the coming months and years.

BIG Impact 1: Fairness

Certain banks, governments and financial service companies have taken full advantage of their monopoly on money.

Citizens of Greece, India and Venezuela, for example, have been trapped in recent times by political corruption and economic experiments that have devastated their economies.

With bitcoin in the global picture, governments and financial companies must act more fairly and more responsibly, for two key reasons:

1. Bitcoin money transfers are relatively low cost compared to international bank transfers. Sending money abroad using bitcoin (or other cryptocurrencies) can be done without using the banking system.

2. Bitcoin can not be created or devalued by national governments and is therefore immune from inflation. Citizens of impoverished countries can buy bitcoin to protect their money from the decline in value of their national currencies. The same applies to dollars, pounds and euro.

 

(Bitcoin Monetary Inflation)

 

(BTC/EUR – Historical Chart)

Bitcoin is levelling the playing field for everyone. Fair fees, currency values through peer-to-peer transfers and global competition.

Even some politicians seem to agree:

“I’m a big fan of Bitcoin. Regulation of money supply needs to be depoliticized.”

– Al Gore, former US Vice-President and winner of Nobel Peace Prize

Big Impact 2: Wealth

Even the best stock market investors are considered a big success if they can make 20% profit on their money in a year. But banks pay us how much interest? 0.5% per year?

Bitcoin has rocketed over 53000% since 2009 when the first block (“genesis block”) was created.

 

And the future of bitcoin value is very bright. Only 21 million bitcoins can ever be produced based on its distributed computer code (and 16 million are already in circulation) which means that bitcoin is in very limited supply.

Experts and famous business icons predict STUNNING growth in the value of bitcoin:

“Virgin Galactic is a bold entrepreneurial technology. It’s driving a revolution and Bitcoin is doing just the same when it comes to inventing a new currency.”

Sir Richard Branson, Founder of Virgin Records, Virgin Galactic, and 400+ other businesses

 

“You can’t stop things like Bitcoin. It will be everywhere and the world will have to readjust. World governments will have to readjust”

John McAfee, Founder of McAfee

 

“Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has enormous value”

Eric Schmidt, CEO of Google

 

If you’ve ever wanted a lucky break, or a way to invest in a world changing idea, look into bitcoin.

Side Note: That’s not ‘financial advice’. It’s just my opinion. Do your own research… but don’t delay, do it now.

Why now?

Because if the predictions prove to be right, you’ll never have a better time to get started buying bitcoin.

Big Impact 3: Access

Bitcoin has the potential to make personal finance easy for everyone. Available at the tip of your fingers via your mobile phone 24/7, anywhere in the world.

It’s even changing the lives of the very poor. Two billion people around the world are unable to get a bank account because they don’t live near one! Or they don’t earn enough money to be considered ‘eligible’ for banking. Or various other reasons…

Now they don’t even need one at all, as Wirex bitcoin payment services give them a low-cost solution for storing and transferring money via bitcoin from their mobile phone.

This is opening up new micro-economies in remote parts of the world and will surely lead to a better quality of life for all.

With more people using Wirex, more can be invested back into providing low-cost or even zero-cost personal banking solutions to impoverished people around the world, giving access to a wide range of economic benefits that raise the standard of living for everyone.

Big Impact 4: Ease

Wirex is proving that ‘bitcoin is simple’ with easy-to-use payment services, including debit cards, international transfers, and currency exchange.

Instead of using pocket change, or a high street bank card, you can instantly pay a bill with your mobile wallet (similar to Apple Pay), or use a plastic or virtual debit card, in any store or any website where Visa is accepted. It’s that easy.

And once you get started with bitcoin, you’ll begin to notice just how many locations already have orange signs that say ‘bitcoin accepted here’. For example, if you took a holiday in Bali during the end of 2016 (as I did), you’ll have seen ‘bitcoin accepted here’ signs everywhere! And the bitcoin craze has only just begun.

bitcoin acceptance

It’s good for travellers, freelancers, investors, savvy mobile users, impoverished people in the 3rd world, and yes — even gamblers.

I happen to have seen the Wirex company plans for future developments, making it THE go-to place for cutting-edge personal finance — both now and in the future.

All in all:

Bitcoin is more than just ‘here to stay’.

It’s here to re-shape the economic fabric of modern society. Moving us from obsolete banking practices, inferior security measures, and a lack of empowerment for common people — into an era where you become your own central bank with multiple currency accounts right on your mobile device:

  • responding to fluctuations in currency prices to profit from changes in exchange rates
  • controlling your own financial wellbeing, security and privacy
  • benefiting from the latest trends in cybersecurity
  • while being part of a more open, fair and prosperous future for all

Is it easy to get started?

Actually yes. Register a free Wirex account and enjoy the free education that Wirex provides to get you up to speed, and keep you fully informed, on what’s hot and what’s not with all things bitcoin.

If you don’t own any bitcoin yet, it’s easy to dip your toe in the water.

Simply transfer a small amount of your traditional currency (such as dollars or euro) into your secure Wirex account, and then click the magic ‘buy bitcoin’ button on your mobile app.

You can sell it back to traditional currency at any time, spend it in dozens of ways using a Wirex virtual or plastic payment card, or keep it like a savings account — and add to it over time (hint, hint).

Remember: The value of bitcoin is trending upwards and the future is very bright.

Big Impact 5: Choice

You can either ignore it for another couple of years until everyone is using it. Or you can be one of the early-birds who benefit today and help spread the word about this awesome technology that will transform the global economy; right down to how we buy our morning coffee, contribute to charitable causes, or pay for holidays.

Those who get familiar with bitcoin today will give themselves savvy lifestyle choices for the future:

  • Manage your digital money
  • Save and invest
  • Spend smart
  • Be your own ‘central bank’
  • Support global innovation of finance in impoverished regions
  • Learn about new lifestyle options available to bitcoin savvy consumers
  • And more

If you have questions, register for your account and you’ll have options to learn more and become a savvy bitcoin user.

Wirex — Making bitcoin simple. Join the global community of 750,000+ Wirex customers and start getting bitcoin savvy today.

I hope I’ve done the topic justice! Remember, the 5 big impacts of bitcoin on our life are:

  • Fairness
  • Access
  • Wealth
  • Ease
  • Choice

Are you ready for all that?

Yes, let’s go

 

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