Bitcoin: A Small Glimpse into Big Digital Disruption

Several of us likely remember the Bitcoin boom around the end of 2017, when thousands of individuals bought Bitcoin, seeing the value of their dollar skyrocket for a brief period. This sent the banking industry into a tailspin, desperately trying to understand this new concept of a digital currency system, and areas of the government even began to prepare a way to legislate this unfamiliar system.

The fact of the matter is that many people did not fully understand the mechanics behind Bitcoin. they may have listened to a friend of a friend who told them to buy Bitcoin, almost as if it was a fast-rising stock, in hopes that it would make them wealthy overnight. If you asked those same individuals to explain what blockchain technology is, they would meet your gaze with a blank stare.

Blockchain: A Whole New Financial Frontier

For those interested in digital disruption and technological advancements, Bitcoin represented so much more than a way to allegedly make money fast like some type of digital wolf of Wall Street. Bitcoin was the first widely accepted, mainstream iteration of decentralized and completely secure financial ledger systems, without the need for a middleman.

The real reason the banking industry and even our government panicked in the wake…