Bitcoin interests western developed nations as it enables 21st-century applications

Bitcoin, the largest cryptocurrency in the market, successfully marked its 11-year anniversary by drawing the attention of retailers, traders, institutional investors, governments, and financial regulators around the world. The king coin was the main subject discussed by Andreas Antonopoulos, author of Mastering Bitcoin, in an interview on WhatBitcoinDid.

Speaking about the reason why people need Bitcoin, Antonopoulos stated that the world is heading into the 21st century with a system of money that was built in the 16th century and a system of banking and finance that was built in early 20th century. He added that both these systems were “plagued by politics and fighting and restrictions,” adding that these are not suitable for current world problems. He said,

“[…] our money is fragmented and plagued by these petty considerations of nationalism and putting the flag and faces of old dead people on bits of paper and the money system is controlled by…