Jul. 19, 2023
Bitcoin, as a decentralized cryptocurrency based on blockchain technology, offers significant benefits to the global economy. Its decentralized nature and universal access provide financial inclusion for the unbanked, while its efficient transactions reduce costs and time. Furthermore, the technological innovation driven by Bitcoin creates opportunities in various sectors. Its limited supply and perceived inflation protection make it an option to preserve wealth value in economies with high inflation. Despite facing challenges and criticism, Bitcoin shows potential to generate benefits in the global economy. In that sense, I consider it quite necessary to approve the Bitcoin ETF in the federal register to be ahead in time compared to other countries. Bitcoin is the future.