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Cryptocurrencies the money of the future? An interview with Michal Grzybkowski

Interview with Michał Grzybowski about the future, opportunities and threats that the world of cryptocurrencies brings in conversation with Michal Grzybkowski.

The first mentions of cryptocurrencies appeared as early as the 1990s, but the era of their emergence was during the years of the global crisis in 2008. In recent times, Bitcoin has become the most expensive cryptocurrency in the world. To this day, the creator of the decentralized means of payment is unknown, and the future of cryptocurrencies is uncertain. In the latest episode of the Coopernicus podcast, Michal Grzybkowski, in conversation with Borys Kozielski, outlines the opportunities, development and risks that cryptocurrencies may bring. 

Michal’s history

It all started at his University.. There Michal Grzybkowski met a person who helped him set a career path and completely changed his life. It was then that he became interested in Internet business and the latest technologies. An extension of this thought became the Golden Submarine platform, founded by Michał.of He graduated from the University of Poznan and the University of Oxford. In 2013, he became interested in  cryptocurrencies and decentralized payment methods.  

In 2017, more and more friends in his circle began to take an interest in the topic of cryptocurrencies. By then he was already associated with Bitcoin and alternative means of payment. He decided to write a short tutorial to share with any interested friends. Eventually, the quick tips turned into a book entitled. “Cryptocurrencies. Why one bitcoin will be worth a million dollars.” The book is available in bookstores and in the kryptowaluty.edu.pl store. 

Michal has earned his status as an expert and entrepreneur working in the cryptocurrency and Web3 sectors. In addition to publishing his book, he is the founder of Beyond and co-owner of Coinpaprika and GoldenSubmarine. Many of us are wondering whether it is worthwhile to take an interest in the topic of decentralized means of payment. What is the future of cryptocurrencies?

The future, opportunities, threats

We are witnessing the growth of the cryptocurrency world. El Salvador was the first country to recognize bitcoin as a full-fledged mean of payment, and more and more countries are in the process of regulating it.  What needs to be noted in this time of evolution in the financial world is that bitcoin as well as similar cryptocurrencies are limited. In the interview, Michal Grzybowski emphasizes that not everyone will be able to own bitcoin due to its limited amount. This provides even more incentive to get interested in the sector as soon as possible. As our guest states – it really is worth it. The system of decentralized means of payment is not based on the decision-making of governments and other entities but on the laws of mathematics and cryptography.

Innovation does not exclude risks, and there is no shortage of them in the world of cryptocurrencies. Our guest pointed out that it is necessary to focus on one key principle if we want to be secure – if I have access to my account, I have control over it. Users in possession of cryptocurrencies need to be careful that their wallet does not fall into the hands of fraudsters. 

In the world, also in Poland, more and more cryptocurrency exchange offices are appearing, where you can make currency and cryptocurrency transactions. Of course, the activity is based on the regulations and requirements of the Financial Supervision Commission. If you exchange cryptocurrencies for a normal form of payment, you get a transfer to your bank account. 

This is just the beginning of a new world of finance and decentralized means of payment. The future is being created in front of our eyes, and we will see the results of today’s work in a few years. 

You are  invited to listen to the conversation in the latest episode of our Coopernicus podcast to get to know more.

Written by:

Bartosz Nyga

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