Bitcoin and its blockchain technology has many advantages, it's fast, cheap and has the potential to become safer to transfer compared to our current ways to transfer money. Bitcoin could also eradicate our dependence on big banks, ease international trade and help the developing world.
New technology has shaken and fundamentally changed many industries including the music industry, the media industry, and the retail industry. Many now believe it's banking's turn. Bitcoin is well positioned to win the race, but there are other possible paths of development.