Bitcoin Races Towards $16k – Crypto Offers Potential To Transform Monetary System
Bitcoin exploded the day before, and it managed to hit $15k, triggering massive excitement in the crypto space.
At the moment of writing this article, the king coin is still trading in the green, and it’s up by more than 9% in the past 24 hours.
Now, BTC is priced at $15,703.25.
Bitcoin and crypto can change the monetary system
It’s been just reported that Real Vision CEO and co-founder Raoul Pal said that Bitcoin and crypto are “software eating money” and they offer the potential to transform the current monetary system.
During a recent interview with Peter McCormack on the What Bitcoin Did podcast, the former Goldman Sachs hedge fund manager said that the world of crypto and macroeconomics could not be considered separate entities anymore.
“I’ve always known where they were going, which is that bitcoin and macro are gonna meet, and this is the year it happened. There’s no surprise here. At Real Vision, we are starting Real Vision Crypto, which is a whole crypto channel. Well because macro and crypto – all the crypto people – and they are having to get up to speed with macro…” he said as cited by the Daily Hodl.
He continued and said: “And then there are all the macro guys have to understand crypto. So we’re all having to learn at a record pace to figure it out because these are not separate worlds now. They’re now the same thing.”
He also pointed out that “When we’re talking about central bank digital currencies, behavioral economics, we’re talking about incentive systems, monetary policy, fiscal policy, how has [that] affected Bitcoin, right? We’re all the same world now. This is the year it happened.”
Pal also made sure to point out the fact that the creation of Bitcoin was a revolutionary thing on its own, but we cannot know for sure how exactly the crypto ecosystem will change the world.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.