Bitcoin can be a tool to release exploitation!

Bitcoin is now a dream name. Since its creation, its price has skyrocketed. Where its price will stop is going out of our knowledge day by day. Many even think that the price of Bitcoin can reach tens of millions of dollars in the next few years. But when it was introduced, it cost only a few cents. Its popularity is not only in terms of price. This makes the transaction process much easier and less expensive.

Although it is a currency like the conventional dollar or pound. But the difference is that it is an electronic or digital currency that we all know and which cannot be physically touched. Although we know that a valuable asset is held against a country's currency, there is no asset against Bitcoin. This in itself is worth the price even though it is currently priced at over $97,000. The paper notes we currently use are usually controlled by various institutions or individuals or governments. Even when we complete the transactions using these paper notes, we have to go through a lot of trouble and also these transactions are time consuming.

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Moreover, we know that the government has to pay a huge amount of tax for paper notes. On the other hand, when you complete a transaction through Bitcoin, the advantage is that there is no tax to pay on Bitcoin transactions. As a result, many people use it to avoid taxes through international transactions, even receiving salaries. Whereas using paper notes requires you to pay a certain amount of tax. So many people around the world are using Bitcoin to get rid of taxes. But we know that currently the price of Bitcoin is increasing day by day and one of the reasons is that the supply of Bitcoin is limited. So its value also keeps increasing.

When the first bitcoin was created, its price was very low. But using it has some advantages as well as disadvantages. There may be some difficulty for a country in particular as some unscrupulous circles do some unethical things ranging from illegal transactions to money laundering through the use of Bitcoin. But it also has many advantages, one of which is that it is not controlled by any third party or government or organization, due to which people can complete transactions very secretly. It is beyond the reach of the government. As a result this transaction cannot be tracked. So anti-government activities can be done safely through this currency.

Those who collected a few bitcoins in the beginning are today owners of billions. However, not everyone is benefiting from this because there are exceptions, such as some have been forced to sell their housing after taking loans to mine because of the addiction of getting more. All this is hindering the original purpose of Bitcoin. However, Bitcoin can play an important role in liberating us from the regimes we are constantly being exploited in if we can use it properly. Bitcoin also frees us from the paper notes that we use to discriminate between the rich and the poor.

A fiat currency is a monetary system in which money is not backed by something of value, such as gold. So the bank can print as much money as it wants. Apart from that it is a currency system free from all surveillance and independent. But everyone must work cooperatively to implement it and if Bitcoin or other parts of crypto can be used as currency then its acceptance is expected to be established and if it is implemented then the world can get rid of exploitation of fiat currency.