• We are living through the next great technological revolution, but many people don’t have access to the financial system and are vulnerable to economic shocks.
• Bitcoin can help bring about a financial revolution for those who need it most, with its open, decentralized and permissionless protocol.
• First we need to educate people on what Bitcoin is and provide examples of how it can help them, then fight for crypto policy that will support adoption.
The Next Great Revolution
As we look back on a tumultuous year in the markets, it’s easy to overlook the fact that we are living through the next great technological revolution. ChatGPT is just one example of how artificial intelligence will shape our future, but there are many others out there too. Market cycles come and go, yet these innovations being built today have the potential to last forever and revolutionize how we live our lives.
The Unbanked Problem
The tragedy of this advancement is that many people won’t benefit from it due to lack of access to modern financial systems. Around 1.5 billion people around the world are unbanked — unable to participate in this new digital economy due to financial exclusion or lack of banking services in their region. This number has been exacerbated by rapid inflation in developing countries during 2022, with some nations such as Turkey reaching 85% annual inflation rates. These systemic risks within legacy finance systems coupled with government responses have failed miserably at helping those who need it most — making it harder than ever for these individuals to improve their standards of living or take advantage of emerging technologies like cryptocurrency exchanges OKX or cryptocurrencies like Bitcoin which could potentially offer them greater economic opportunity.
Cryptocurrency: A Solution?
Bitcoin may be able to provide a solution by offering an open, decentralized and permissionless protocol which doesn’t require intermediaries for transactions around the world. It is also programmatically designed so as not suffer from inflation like traditional fiat currencies do when governments intervene heavily with monetary policies — though nothing is completely foolproof! However without proper education around what cryptocurrency is and how it can be used safely more widely — coupled with appropriate crypto policies supporting adoption — Bitcoin cannot reach its full potential for providing economic equality and inclusion for those who need it most urgently right now.
What Needs To Be Done
In order for us all stand a chance at creating more equitable economic opportunities across borders and social classes, there needs to be an information gap filled between traditional finance systems and cryptocurrencies like Bitcoin first before any real change can be seen on a global scale. Therefore education should be provided regarding what cryptocurrency is and examples given of how they work – followed up by effective policymaking which supports widespread adoption in order for everyone regardless of background or location not miss out on this incredible new technology available today!