As technology continues to innovate, all currencies in the world will become digital, giving people the ability to convert between them with a simple click. This new age of digital finance will include both centralized currencies like digital dollars and decentralized currencies like Bitcoin.
The adoption of Bitcoin has followed a pattern over time, often led by technology-oriented billionaires and followed by financial institutions and corporations. Each step of this journey builds appreciation for Bitcoin and its transformative potential.
The world is headed towards a future where every currency will become digital, including the creation of decentralized open-source money like Bitcoin, according to the speaker. The technology behind all digital currencies is relatively the same, and there will be feature parity amongst them.
People can now operate in a multi-currency environment where they can get paid in digital dollars and easily switch to any other currency with just a click of a button, creating a world where individuals save and transact in different currencies depending on their preference.
The internet has empowered creators to change headlines, test, put multimedia and distribute information differently. While some may choose to improve the old world, creating new digital assets opens up a world of possibilities.
The way we currently handle financial transactions and payments is incredibly inefficient, but the vision of instant payments that new technology brings is exciting. It raises questions about how we used to navigate complex processes like payroll and whether we'll one day look back on this time period with disbelief.