When Bitcoin made its first appearance in 2009, few people had both the technical and economic understanding required to grasp its importance. This allowed the cryptocurrency to gain a large following in the early days, without attracting too much attention.
Things have changed – make no mistake, most of the world’s governments have now woken up to the power and potential that cryptocurrency offers. Whole departments have been created for the sole purpose of watching over Bitcoin and its competitors – especially Ethereum – very closely.
Why is this? Because Cryptocurrency could result in the biggest shake-up of the world’s economic system since the gold standard was abandoned in 1971. These network-driven currencies have no central authority, so they cannot be simply shut down, there is nobody to arrest or put on trial, and there is no way to shut these currencies down, short of shutting down the entire internet.