One this is for sure. Bitcoin’s early adoption is like a Phoenix rising out of the ashes.
However, this is only the beginning.
I predict Bitcoin will not only make banks, auditing, and accounting firms (in their current state) irrelevant, but will also remove the middleman and, for good or worse, the human element, from many current institutions. Banks, investment institutions, payment networks are waking up to this fact. VISA, PayPay, and Square are all getting in the bed with Bitcoin. They will further cannibalize themselves as Bitcoin takes them over. Government will be far less powerful as money is separated from state.
Bitcoin has been in existence for only ten years, is merely an algorithm, and is twice the market cap of Goldman Sachs. OK Big Dawg. It’s valuable but why? Specifics please.
Bitcoin will not be only the most valuable cyber bank ever, it may replace the middleman in many industries and open doors closed to many for years.
Music. In the future I see online studios taking crypto currency to produce a song then linking the song to the blockchain for purchase. Consumers setting the price in real time. Prices adjusting due to demand in real time. Influencers finally getting paid for bringing eyeballs to social media and ads.
Autos. I see blockchain built into vehicles for ride share, real time traffic information, and road priorities.
Prepared food and grocery delivery. I see hungry consumers sending Bitcoin to robots to direct them what food they want in their refrigerator for the week. The robot picks and packages the food and a drone takes the food to the consumers home. I see robots at Dominos preparing Pizzas for drones to deliver to homes.
Taxes. I see your income and expenditures programmed to your tax returns. The immutable LEDGER programmed to automatically prepare your return for your review and submission.
Publicly traded companies. Bitcoin programmed to balance sheets, cash flow statements, and other accounting reports of publicly traded companies. No need for accountants and auditing. Immutable programmed ledger. Much more trustworthy. Instant knowledge of the well being of your company and investment.
Casinos run on Bitcoin. Sexy robot dealers. Can’t pay them with dollars. Can pay them with Bitcoin. Bitcoin providing instant updates to casinos and shareholders. No longer have to wait for audits.
Trading floors on Wall Street run on Bitcoin.
Home utilities run on Bitcoin.
Bitcoin earmarked to goods and services like a digital price tag.
I see doctors performing check ups and surgical procedures with virtual reality glasses and being paid by service in Bitcoin. Then sending your prescription for drone delivery to your house paid by Bitcoin.
I see almost every service automated with machines paid by Bitcoin. Bitcoin operates within the internet and internet of things. The lightning net is speeding transaction times. Humans spending more and more time in leisure.
Bots at hotels, Starbucks, McDonalds taking your Bitcoin and giving you a code to open your room on your phone, hot cup of coffee perfectly to your liking, and a tasty cheeseburger. No waiting for change.
Professions for the future will be in engineering, robotics, cyber security, programming/coding, machine repair and training, autonomy, artificial intelligence, big data processing. We will need to retool our workforce to learn programming, robotics, repair, engineering, using virtual and augmented reality to command and control machines. We need to act now as the legacy systems become more redundant.
Bitcoin is positioned well for the future. It is way ahead of us. We need to catch up.
