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BENEFITS OF DOCUMENT

  1. Gives the pros and cons of bitcoin (cryptocurrencies) as an asset class.
  2. Highlights the inevitability of blockchain as the technology of the future.
  3. Reveals the exponential investment opportunities available with cryptocurrencies.

DOCUMENT DESCRIPTION

Bitcoin is a digital currency that exists purely in electronic form and that enables instantaneous and borderless peer-to-peer transactions to take place. In order to take place, transactions in bitcoin require no central authority or banks as the underlying blockchain technology is both peer-to-peer and autonomous.

Initially billed as a medium of exchange by its founder- Saitoshi Nakamoto, bitcoin has risen exponentially in value- from a low of $0.17 in December 2010 to a historic high of $19,498.63 in December 2017- a rise of 11.47 million % (not a typo) in 7 years. Due to this very high valuation, bitcoin has lost any functionality as a medium of exchange (to replace or rival fiat currency) and is increasingly being viewed instead as a store of value. It has earned the title- ?digital gold'.

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Source: Bitcoin: A SWOT Analysis PDF document

 

Bitcoin: A SWOT Analysis

Sold by PK Mwangi Global Consulting (this author has 5 documents)

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File Type: PDF (pdf)

File Size: 596.4 KB

Number of Pages: 6

Related Topic(s): Bitcoin

Purchase includes lifetime product updates. After your purchase, you will receive an email to download this document.

Initial upload date (first version): Nov 4, 2018
Most recent version published: Nov 7, 2018

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