Bitcoin & Math Based Currencies: Road to $100 BN
High hopes are building for Bitcoins, and those are only buoyed by the endless speculations by the entrepreneurs, investors, regulators and others about its potential. From 2009 to 2013 the market cap of Bitcoin went from up 100x from $10M to $1bn. What will drive the next 100x increase, and what will prevent it? Will it be Bitcoin that breaks through or another math based currency? We will discuss regulatory issues, network effects, how to build consumer trust, the transition from an ecosystem dominated by speculators to one dominated by merchants and customers, what are some of the likely candidate usecases that will drive mass market adoption, and what will be the necessary preconditions for the next 100x growth.
Additional Supporting Materials
- What are the key drivers of Bitcoin usage and how can we propel it to become a real and credible payment alternative, and build consumer trust?
- What are the opportunities for venture capitalists and entrepreneurs/startups in the Bitcoin ecosystem? Do the naysayers have a point or should Bitcoin startups forge on?
- What will drive the next 100x increase in Bitcoin valuation, and what will prevent it?
- For startups already in the Bitcoin ecosystem, what is your competitive advantage and how do you defend against a larger late entrant?
- Will legal compliance propel Bitcoin forward or scare away potential entrepreneurs/startups interested in the digital currency?
Andrew Cha Text100 Global Communication
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