With the growth in popularity of Bitcoin, some wonder if this cryptocurrency will usher in the monetary system of the New World Order.
According to Gold Silver Bitcoin
, the New World Order is what some believe to be a time of global governance with fiat currencies, which are not backed by a physical commodity. Bitcoin is a currency that exists only in cyberspace and can be traded and exchanged.
Some have hailed Bitcoin as the future of banking, allowing transactions to be done completely online. As Gold Silver Bitcoin noted, however, 95 percent of money exists in the digital sphere already.
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Others wonder if the currency ushers in the New World Order with the globalization of a monetary system.
Here are five reasons why that could be possible:
1. Bitcoin is without borders.
There is no exchanging needed with Bitcoin. Across town or across the world, Bitcoin allows users to make transactions without having to convert their money from one form to another.
2. It is becoming increasingly stable.
According to AboveTopSecret.com
, while Bitcoin started with high fluctuations, it has since become somewhat more stable. As the currency matures, some speculate the coin could become even more stable than money typically used, such as the U.S. dollar, which could encourage more people to invest in the cryptocurrency.
3. It could end the nation state.
Since Bitcoin is essentially overseen by no one, some wonder if it could end the nation state, paralleling the end of Babylon in the Book of Revelations. According to Veterans Today Money, Bitcoin
is open-sourced and public unlike more currencies that are run by the organizations like the Federal Reserve.
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4. More and more companies are accepting Bitcoin.
Overstock.com, Target, Subway, Amazon, Victoria’s Secret, and many others now accept the cryptocurrency, BitcoinValue.net reported
. Some speculate it could one day be the only money accepted.
5. In times of crisis, many run to the currency.
With Greece’s financial future unknown, many placed their money into tangible items such as food and luxury items. Others, however, opted to invest in Bitcoin, CNBC reported
. A similar investment trend toward the cyber currency occurred when Cyprus was in financial uncertainty a few years ago.
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