BENEFITS OF 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'.
Got a question about the product? Email us at support@flevy.com or ask the author directly by using the "Ask the Author a Question" form. If you cannot view the preview above this document description, go here to view the large preview instead.
Source: Best Practices in Bitcoin PDF: Bitcoin: A SWOT Analysis PDF (PDF) Document, PK Mwangi Global Consulting
Bitcoin Integrated Financial Model Digital Transformation Blockchain Sales Deck Customer Experience Business Transformation Cyber Security Mobile Strategy
Download our FREE Digital Transformation Templates
Download our free compilation of 50+ Digital Transformation slides and templates. DX concepts covered include Digital Leadership, Digital Maturity, Digital Value Chain, Customer Experience, Customer Journey, RPA, etc. |