BITCOIN will become “irrelevant” in the cryptocurrency craze as more useful digital tokens take over the space, a strategist has revealed.
“Once you get away from bitcoin and into other cryptocurrencies that are essentially more advanced because they are the sequel to bitcoin I guess.
“They have different uses, some for security, others for purchases and there are really interesting thing’s happening in that space like what Kodak was doing recently.
“You see the share price pop and Kodak say they’re doing something in blockchain and you go ahh it’s nuts.”
Fowler added that there is still too much focus on the original cryptocurrency.
He said: “Blockchain and distributed ledger could be useful for authentication so there are definitely uses.
“But the focus is still very much on the original introductory technology, bitcoin which will disappear.
The strategist also said cryptocurrencies are the “enablers” for something far bigger.
He said: “The currencies themselves are being created but in reality, they will become the enablers.
the question is....
Will bitcoin have the same value it had at the beginning?