The Crypto Singularity has Arrived
Who doesn’t like an underdog? We now know that cryptocurrencies will radically alter the future of transactions, innovation and decentralized systems of globalization.
For many global citizens, it’s a bit of a revelation and Bitcoin is the flag bearer. It’s so much so, search about Bitcoin has overshadowed everything else as its price has leapfrogged expectations.
Traditional money is on the defensive and fiat currencies as they exist now, are outdated. Bitcoin itself is now valued at $160 Bn. and exploding. At $160 billion, Bitcoin’s market cap just passed GE’s. A company that was once the largest company in the world, founded in 1892 with 295,000 employees and 123 billion in revenue.
Since it was created in 2009, Bitcoin has experienced significant highs and lows, but at not even 10 years old, nothing could prepare us for 2017. As history reads this, the fanfare and brand recognition of Bitcoin today is unprecedented. How to convey this trend of search and mainstream interest? Bitcoin exceeds searches for controversial publicity seeking President Donald Trump.
Bitcoin has captured the population imagination, and we now know that Bitcoin and crypto derivatives (dubbed Bitcoin futures) will flood the markets. New more advanced smart contract platforms will be invented and quickly gain in value as cryptocurrencies, evolving faster than money itself is exchanged.
Cryptocurrencies and ICOs are signaling a boom of blockchain innovation, unlike the tech and finance world have seen before. They can alter entire industries in months to years, in addition to creating thousands if not millions of new jobs. Further blurring the lines between virtual and real, the Crypto Singularity is disruptive.
Source/More: Bitcoin has Hacked the Attention Economy – Michael K. Spencer – Medium