Bitcoin (crypto currencies) and blockchain technology will change everything on this planet. One of the main reasons is its decentralized nature, unlike traditional banking institutions who prefer the centralized system. Bitcoin can't be stopped, in fact, it can't even be banned, and even if governments start banning Bitcoin, the enforcement of laws would be almost impossible to achieve. In countries like Venezuela, Bitcoin is used to counter hyper inflation and trade products and services.
Crypto currencies will one day replace the Fiat money system, or at the very least compete with Fiat currencies. The banking cartels will collapse one after the other and the domino effect will be dazzling. I predict that Wells Fargo will be the first major bank to collapse in the US. But this time, no bail outs will be available for them. Bank of America will probably follow suit as well as other large financial institutions.
Crypto currencies will also eliminate traditional industries like the present banking system, insurance companies, and many more. Everyone will be responsible for their own assets instead of relying on a third party. A major financial reset is very close, and crypto currencies (especially Bitcoin) will play a major role in this reset.
I truly believe that crypto currencies will be dominant in the very near future.
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