First of all, I must admit that at the beginning I approached cryptocurrencies for the huge rate of growth they were having compared to the USD and to be able to take advantage of this trend. Unfortunately for me, we were at the end of 2017 in the peak phase, and what happened next is known to everyone. But despite the important economic loss I made, I am happy.

I'm happy because I discovered a new form of digital money and a new industry that is unstoppable. It is too innovative compared to the current one, and over time it will be able to take on more and more markets until it becomes global. It reminds me a little of the first internet.

I have to make another small admission: I knew little or nothing about economics and finance, and if I know a little now, it is thanks to Bitcoin that has opened my mind and urged me to go and study them. As I said before, my first approach was completely from a speculative point of view.

I think it is difficult to understand the need for a new form of currency to safeguard ourselves from governments and banks if we do not know topics such as:

• The history of the dollar, the inflation, and its continuing decline in the value of purchasing power
• The financial crisis of 2007–2008
• Large scams occurred through accredited institutions
• The hyperinflation that led to the economic downfall of entire nations has already happened in Zimbabwe and Venezuela and is happening in Argentina
• Last, and not least, as it is an unacceptable practice for me, the fact that every time you have to withdraw "your" money from the bank you MUST give explanations

These are just some of the problems brought to light by Bitcoin concerning the current economic system. Another global problem brought to light by Bitcoin, and with which through the blockchain we can begin to fight, is the monopoly of data and incorrect use made by large companies.

I'm not just talking about the privacy problem, but I'm talking about data monetization and mass manipulation. For this last topic, I suggest you watch the Netflix movie called The Great Hack, which talks about the Cambridge Analytica scandal.

Bitcoin, in 10+ years of life, has proved:

• to be decentralized therefore not commanded by any centralized entity (although it must be said that this decentralization is not so marked in the field of mining and that the distribution of Bitcoin is still concentrated in a few hands)
• to be censorship-resistant, here I invite you to watch another documentary on Netflix, Banking on Bitcoin, where you understand how many early adopters have had with justice. The same justice that once understood that he could do nothing, tried and is trying to regulate the phenomenon to monetize.
• to be safe, the Bitcoin blockchain has never been hacked since its inception

That being said, Bitcoin is not the Holy Grail. One of the major Bitcoin problems due to the lack of mass adoption is the lack of scalability, at the moment it allows about 7tps (while VISA 25,000+) and another immense problem is the Proof Of Work, the consensus protocol on which Bitcoin is built, which waste too much energy. However, this is being worked on with the Lightning Network.

If you ask me if Bitcoin will be used in the next 100 years as a form of exchangeable money for everyday expenses, my answer is no. I think not for the two problems listed above but also because Bitcoin in the 10 years of life has grown from $ 0.00 to over $ 10,000. There is no reason for people to spend an asset that they think can be appreciated over time.

If I think Bitcoin can be appreciated 10 times, I'm not going to buy $ 100 of shoes using Bitcoin, because in my head it's like spending $ 1000. Another asset that is appreciated over time is gold. Would you buy $ 100 of shoes by paying them with the equivalent in Gold?

One of the real use-cases that Bitcoin could have is the store of value.

Even if Gold investors may disagree because it is much more volatile than Gold and because it is a digital and non-physical asset, I would like it to be clear to everyone that we are in the digital age. If you take a smartphone off a person, today it is as if you are cutting off an arm. The same thing.

Today's children and the adults of tomorrow are born in the digital age. They were born with Youtube, Twitch, Instagram, etc. To date, digital is much more considered than the old traditional methods, from the new generation perspective. Today, rich children donate $ 20,000 or more to their favorite streamer and buy digital rifles on a video game for $ 74,000.

I wanted to introduce the topic of gaming because it is another of the industries that the blockchain can disrupt. In modern video games, manufacturers may have the same misbehavior that banks have with our money, literally "printing" at their discretion any object or digital asset they want, and in any quantity.

For example, if on Dota2 a given rifle is worth $ 1,000 for the community, who will ensure that the Dota2 manufacturer will not create others? This is a problem that platforms like Enjin are trying to solve, creating a platform to create video games and digital assets backed by real cryptocurrencies.

Let's take a famous streaming platform today, Twitch. They make money with advertisements,  subscription fees, and much more. A platform built on blockchain that offers the same service as Twitch can offer its users a kind of value back. Take for example Sliver or Dlive which reward their users based on how many minutes of streaming they watch. This is revolutionary.

And this new system of money redistribution can be applied to virtually all digital industries, which I want to remind my gold investor friends, are worth trillions of dollars TODAY, not in the future!

It is curious to see how Anthony Pompliano launches a gauntlet to Petr Schiff saying he is betting $ 100,000 on which asset will be most appreciated over the next 10 years between gold and bitcoin, and how the latter refuse.

If you liked the answer, please leave an upvote and a follow. Thank you.