Top 10 Things Bitcoin Can Do
People who are new to Bitcoin are led to believe that Bitcoin is just a currency or a store of value. This couldn’t be further from the truth. Bitcoin, as a currency, is just the beginning. It is only Bitcoin’s first “app,” like email was how the Internet was first introduced to the masses. The Internet is so much more than just email; similarly, we haven’t even scratched the surface to what Bitcoin is. Some of these features are available right now, while some are being developed for future applications as we speak. Just like the Internet didn’t have YouTubes and Facebooks back in 1994, we’ve only just begun to transition from “The Information Age” to the “The Bitcoin Age.”
Venture capitalist Fred Wilson is not a hoarder of Bitcoin. He doesn’t care about that aspect of Bitcoin, but rather he is interested in the promise of Bitcoin as programmable money.
Now, he started buying it again after staying mostly on the sidelines for most of the past two years. He thinks that the market price of Bitcoin in the short term is driven by emotion (greed vs. fear), liquidity, technical factors, and a bunch of other things. Right now, those factors are driving down the price of Bitcoin. Last year they drove it up.
Bitcoin is the first crytpocurrency, which introduced a new type of asset or currency, depending on how you look at it. At inception price of 1 BTC was not established by a market, until someone did a first purchase paying with bitcoins (famous 2 pizzas). As of today September 17, 2017 1 BTC is priced at ~$3.6K.
Tech’s Golden Rule Suggests Bitcoin Price to Cross $100,000 in 2021.
Bitcoin is trading at record highs on Monday, but the cryptocurrency may still be far from hitting its ceiling whooping of $4,500.
It rallied 16.19% since July 31, despite last week's fork that split it in two. It's up 465% since last year. A chief analyst at Goldman Sachs believes it will reach as high as $3,900 during the current wave, while RT analyst and crypto-proponent Max Keiser claims $5,000 is within sight.
Who Accepts Bitcoins As Payment? List of Companies, Stores, Shops
If years ago someone were to guess what products would kick off Bitcoin adoption, alpaca socks might not make the top of the list. Fuzzy socks to launch a disruptive technology and global currency? Yet that’s exactly what occurred when alpaca socks were among the very first consumer items to be purchased with bitcoins.
Similar feelings were no doubt engendered when early enthusiasts were directed to make their initial Bitcoin purchases using an ominous red phone at a grocery store, speaking to an operator to route U.S. dollars through an intermediary to a Bitcoin exchange. This was the future of currency?
Bitcoin is a digital currency that is growing in popularity every day, offering unique advantages to businesses in a wide range of industries around the world. But does it make sense for your business to accept bitcoin? Let’s explore why it may.
Businesses That Adopt Bitcoin Benefit in at Least Four Unique Ways
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