In the world of equities, most investors know that a first-mover advantage is a big deal. In the world of cryptocurrencies, this also appears to be the case. As the world's first (and for some time only) option for crypto enthusiasts, Bitcoin (CRYPTO: BTC) has led the way in reshaping how investors think about assets.
The rise of digital tokens and blockchain technologies has shifted the paradigm with respect to how we think about commerce. Indeed, Bitcoin's rise has provided credence to the idea that cryptocurrencies have the potential to transform the world as we know it. Everything from payments and overseas transactions to banking, insurance, and other major institutional functions we take for granted stand to be disrupted.
Or, at least, crypto enthusiasts hope so.
Source Fool.com