Why By Owning Bitcoin You Could Be Representing Your Generation In History

The history of man has, no doubt, been shaped by certain great events that determines where the pendulum of civilization swings. From when men in ancient Egypt first invented the Shadoof to take agriculture into new levels and the hieroglyphics to lay the foundations of formal education, man's advancement in civilization has known no bounds.

_{IMAGE CREDIT: Pixabay.com}

If one rides on the horseback of the history of man, one continues to unearth thousands of events that shaped history. Even in this generation, we have seen how the internet has disrupted the access to information and changed the face of business. The invention of mobile phones, too, has not failed to change the face of communication and in stretching the boundaries of everyday human interaction.

Even though money has existed in different forms across human civilization, the invention of Bitcoin in the last decade is set to forever disrupt the conception of money, perhaps for the first in modern history the banks will lose their seat of monopoly over the control of money. We could then have a future where people can actually bank their monies, send it, and transact without needing the services of a bank.

As you most probably know, Bitcoin has a maximum supply of 21,000,000 coins out of which about 18,500,000 coins, which constitute 88% of the maximum supply, have now been mined. In the next eight years, about 50% of the remaining 2,500,000 coins would be mine while it will take over a century to mine the last set of 2,500,000 coins.

If the reader at the very least understands elementary Economics, it will be easy to agree that there is an inherent scarcity mechanism built into Bitcoin such that even if the demand for it in the years ahead remains static, price will continue to rise as its supply declines. Therefore, everyone who owns Bitcoin today, and has a longterm perspective, represents his generation in the evolving history of money.

The unfortunate part of the matter is that many generations unborn will not be represented because their ancestors, as we have seen from the history of other disruptive inventions, will be slumbering when others are busy deciphering and actively participating in what is going on.