The New Jersey Institute of Technology’s Online Masters in Business Administration has released a new Bitcoin infographic showing that bitcoin has a great potential and will likely become a new world currency not directly tied to a specific country or central bank.
According to bitcoin inforgraphic, 51% of bitcoin users are based outside of the United States, what makes possible the idea of creating the new world currency that would not depend on the US dollar.
There are already several countries that have started accepting payments in digital currency. Dozens of merchants around the world have integrated bitcoin into their systems.
Almost zero transaction costs, advanced protection, quick transfers, and other benefits make it an attractive tool for investors looking for an alternative to fiat money and gold.
The European Union has recently suggested that virtual currencies like bitcoin should be exempt from certain taxes, including the value added tax. The value added tax is an amount added to the price of an item at a stage of production and at distribution. Similar to hard cash, this makes bitcoin more viable as a global currency.
The Bitcoin Infographic says that within the next two years, bitcoin will be used by more than 5 billion people. Moreover, it is estimated that bitcoin will become the sixth largest reserve currency by 2030.
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