Blockchain, also referred to as a distributed ledger, technology is enabling cryptocurrencies, like Bitcoin and Ethereum an introduction for us into a new era of openness, decentralization and global inclusion. It leverages the resources of a global peer-to-peer network. This is to ensure the integrity of the value and confidence in exchange among billions of devices without going through an intermediary trusted third party.
The financial market regulators, in Switzerland, gave Zurich-based Falcon Private Bank the green light on managing assets based classes on the blockchain technology. It would come behind Bitcoin and other digital currencies.
In Early 2018, one will be able to trade BTC or ETH options on the futures and or options market.
Digital currencies has more than tripled in 2017 versus, gold's increase of 10 percent rise.
The estimated overall size of the gold market is about $7.5 trillion. This is small compared to that of Bitcoin. Last Tuesday August 10th, 2017, prices of bitcoin had a market capitalization of roughly $57 billion. This is approximately the size of Charles Schwab.
BITCOIN had identical characteristics like gold, but its digital and very easily transacted.
The New Money!
This will be used as an alternate currency going into 2018. The supply of BTC is going to start to slow. As we enter into 2019, BITCOIN will be a rarer asset than gold!
The mainstream financial system is starting to get the BUZZ for cryptos. Goldman Sachs, is offering clients, bitcoin analysis due to its’ popular demand.
The Russian Central Bank, as well as a few others, will soon start using the blockchain technology.
There are now 70 crypto hedge funds coming on to the market. “…bitcoin-focused hedge funds are knocking it out the park as demand for the cryptocurrency has sent the price to record highs.”
Initial Coin Offerings (like IPOs) are pulling in huge investment right now. Between May 1st, 2017 and July 9th, 2017, these ICOs attracted $1.2bn of investment. Speculators are making huge gains on these events.
Bitcoin is now the world’s leading cryptocurrency.
Last week the rules changed due an event referred to as “Hard Fork” Today, there are two separate currencies. Bitcoin Cash is born.
Conclusion:
Therefore, my conclusion is in the next five years, the market place will reach $350 billion. Investor advisors, and publishers, as well, as their readers are all behind the curve on this one!
My long-term goal is to bring the real legitimate “core” information to those who desire a proper foundation and introduction to the real facts on Bitcoin, as well, as Block Chain Technology.
My research depicts the number of Bitcoin ATMs in the United States so far in 2017 are 827 and growing!