Faith in large financial institutions has been steadily waning for more than a decade and the COVID-19 pandemic has only accelerated this process. Bitcoin, itself developed in the years after the 2008 market crash as an alternative to traditional assets, stands to be a major beneficiary of this trend.
"First, we collated several 2017 surveys on attitudes to Bitcoin, and used these as a baseline to assess how attitudes toward the asset have changed in the past three years. Secondly, we asked respondents directly how the market fluctuations caused by COVID-19 have impacted their view of Bitcoin.
The results are striking. We found increased knowledge of, and growing confidence in, Bitcoin among all age and gender groups surveyed. This effect was most pronounced in millennial respondents, 45% of whom would now preferentially invest in Bitcoin over stocks, real estate and gold." Source
For anyone who has not fully understood the controversial Bitcoin yet, this is a concise and informative crash course about Money and Crypto Currencies.
The docu examines the meteoric ascent of the revolutionary cryptocurrency which rose from the ashes of the 2008 global financial crisis. As economies, and ultimately people, struggle all over the world, Bitcoin purports to provide an antidote to a world in which money is created irresponsibly by private banks.
This Kickstarter funded film dissects the underlying assumptions that we make about money, and also questions the Bitcoin advocates assertions about this new digital currency. Will Bitcoin really signify the inauguration of a new Internet-based monetary system, or is it a Ponzi scheme, another bubble waiting to burst?