Bitcoins: The Global Virtual Currency

Bitcoins: The Global Virtual Currency

“Bitcoin is part of a gradual, technological shift in the way we think about money. It poses a tangible threat to centralised banking and the guardians of fiat money.”

“Bitcoin has become the world’s best performing currency, with its value spiking 130% just this year.”

The Digital Revolution continues to come of age with technological advances moving an increasing number of activities online. Therefore it should not surprise us that a digital, world-wide currency is gaining ground. What global entities and governing bodies would have to be involved to make Bitcoins a globally recognized piece of currency? If Bitcoins eventually become the standard global currency, how could we  provide insurance against its potential failure? Who stands to benefit and who stands to lose as this emerging currency continues to gain value? Have you ever heard of a Bitcoin before this article?

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