Bitcoin’s rapid growth has raised some concerns over the cryptocurrency’s mining-related carbon footprint. This has led to criticism that Bitcoin is a polluter. That’s not entirely accurate.
Bitcoin’s recent surge has reawakened old animus in the media. Bitcoin can be polarizing, so maybe it’s a good time for a fact-check on some Bitcoin misconceptions.
Money is one of humanity’s greatest and most enduring inventions. But money is entering a new phase, taking another giant leap forward into a world of true digital currencies.
While the headlines may focus on the fluctuating price of Bitcoin, the investment case is actually very strong when considered in the context of portfolio diversification.
Bitcoin is now more than just an important financial asset held as a portfolio diversifier and alternative to gold – it is strengthening its case as the future of money itself.
There are a number of factors that will, over time, work in Bitcoin’s favor, including how Bitcoin offers freedom from financial repression, surveillance, and deplatforming.
The Internet broke things. Blockchain will fix them.
The idea of adding alternative investments to complement the more traditional asset classes in an investor’s portfolio is a time-tested one.
Three unstoppable forces are on a collision course. The coming cataclysm will, for better or worse, reshape money and our world for decades to come.