TechSource: The Bitcoin Revolution is Here

Posted: 15 Jun 2021 02:33 AM PDT

Since 2014, I've been talking about bitcoin here (read: Is Bitcoin The Next Open-source Software Revolution?, Best Bitcoin Applications for Linux). Back then, bitcoin was still very much in its infancy and our articles about it were some of the least popular posts we've ever had. However, I have already seen its potential and proclaimed that it could become a revolutionary open-source software project and that it has the potential to be bigger than Linux.

Today, bitcoin and cryptocurrency in general have already gone mainstream in terms of popularity. Although widespread adoption could still be a few years away, different personalities like social media icons, hip hop moguls, top athletes, famous actors, financial gurus, and several billionaires are already talking about it incessantly.

Speaking about widespread adoption, different countries have already started recognizing the value of cryptocurrency. In fact, one country has recently passed a law to make bitcoin its official currency. I believe more countries will follow after we will all be able to clearly see the positive economic impact of having a legal tender in bitcoin.

Recently, we have witnessed institutional investors or publicly traded companies that have started filling their balance sheets with bitcoins. To name a few, there's Tesla (invested around 1.5 billion dollars worth of bitcoin), Microstrategy (250 million dollars), Galaxy Digital Holdings (176 million dollars), and Square (50 million dollars).

Although I am not a financial advisor and this site is not about making money, I encourage you to consider investing it bitcoin. Forgive me for not telling you this in 2014 when 1 bitcoin was equivalent to around 500 dollars. At that time, buying and selling cryptocurrency was difficult because there were very few trusted exchanges and wallets so the possibility of losing your investment was enormous. If ever you decide to invest in cryptocurrency today, I suggest that you do your own research first because, like all others investments, there are still risks involved, albeit much lesser than before.

After promoting Linux and other free and open-source software in the past, I have decided from now on to focus most of my time here in writing about bitcoin, cryptocurrencies, and other interesting blockchain projects. I think it is about time to enlighten people that bitcoin is not purely a speculative asset, but something that is more valuable because of its capability to empower people from around the world. Like most of you, I find joy in freedom and for me bitcoin is freedom. Now, I can safely say that the cryptocurrency revolution is underway, and we are just getting started.