Is bitcoin a bullet fired by Satoshi Nakamoto to the traditional monetary system

As one of the most popular financial technologies, cryptocurrency is well known by most investors. How exactly cryptocurrency was considered to be the future of the monetary system by its supporters？
Bitcoin was only supported by a handful of enthusiasts at the time it was first introduced to the public in a white paper published under the pseudonym Satoshi Nakamoto back in 2008. However, cryptocurrency is now grown into one of the most popular technological developments in the world. The importance of crypto has developed so far that even Federal Reserve is considering issuing the digital dollar. Federal Reserve Governor Lael Brainard propose a cryptocurrency backed by the central bank in May 2021.

Here is a glance at how far has cryptocurrency developed so far comparing to traditional currency.

In summary, cryptocurrency still faces much criticism for various reasons, including electricity cost; government regulation; use for criminal activities; extreme volatility in most digital currency. Although many early investors of cryptocurrency have obtained enormous return from their bold investment, these problems cause many investors to remain as askepticof cryptocurrency.

Although many governments there are further regulations proposed, cryptocurrency investment is still like a “wild west” comparing to other traditional investments at its current stage. The risk associated with cryptocurrency is still a critical issue that requires every investor to consider.