Crypto and Bitcoin
The first time paper money ever got printed was more than 300 years ago. People have been making use of printed money ever since but things are starting to change slowly and surely.
In case you are wondering what it is that bought about the change, the answer is crypto. While the introduction of crypto has been relatively recent, it still has been available for around a decade. Initially, people were not convinced about its power but as time passes by, more and more people are realizing that it is indeed the future.
While there are plenty of crypto related options to choose from these days, the first ever crypto that started it all happened to be the one and only bitcoin. When bitcoin was introduced for the very first time, only a select few people had heard about it.
What’s more, not many people were interested in making bitcoin related investments. While there were plenty of reasons these people had for not investing in bitcoin, the main one was that they thought it was a scam.
It is a stigma that has been closely connected with not only bitcoin, but the crypto world altogether. Needless to say, not many people were convinced that crypto would become as big as it has become today. However, its popularity is all because of the first few people who made investments in bitcoin. Initially, they did not notice any results and they thought that their long term investment would not pay off.
With some patience, however, people came to realize that they indeed made the right investment and it paid off in a big way. If you have been following the crypto world for a while, you will be well aware of the fact that the initial investors of bitcoin made a tremendous amount of profit. Some of them even went on to become millionaires within a very short period, and this is mainly because of the bitcoin boom period.
During this period, the people who made investments in bitcoin earned massive profits. However, making investments in bitcoin after its boom period was over proved to be futile for most people. Fortunately, however, it also led to the introduction of a variety of other cryptocurrencies like ethereum, dogecoin, XRP and many more. These options have also been incredibly profitable for those who play their cards right.
While bitcoin still remains to be the undisputed king of the crypto world, some people believe that other crypto options are catching up pretty quickly. Some people also believe that ethereum would be the crypto option to dethrone bitcoin and become a mainstay for years to come.