I made this video to show people how many large banking institutions are investing in crypto currency technologies. When you see some of the biggest investment banks in the world all investing into one technology, thats a good indicator that this is going to be huge.
Institutions involved in Bitcoin:
Goldman Sachs
KPMG
Ernst & Young
Deloitte
Citi Bank
All investing into crypto currency technology.
Here are some notes from my video:
Inflation of Bitcoin compared to USD
$20 could buy you a whole shopping cart full of groceries in 1998 compared to now just buying a few items, compared to $20 in Bitcoin in 2010 being worth over $10,000 now
Basically you’re losing money not having bitcoin.
$19m bitcoin auction in Australia hosted by Ernst & Young
What price did they buy at? Lots of speculation.
Brexit : Global economy down 3%
Pretty much every stock was down, Bitcoin was not phased by the Brexit
Bitcoin stable in the $600 region for the last month and a half
Good time to buy bitcoin
Tim Draper venture capitalist behind Skype and Hotmail. Online entrepreneur predicts Bitcoin could be worth $10,000 in 3 years
Deloitte one of the biggest investment banks in the world building an ethereum based digital bank. Very good indicator
Financial settlements, remittance, supply chain management, triple entry accounting
Citi Bank worlds 8th largest bank is developing blockchain technology for the past few years.
Goldman Sachs helps Bitcoin startup Circle to raise $50m
Circle is making Bitcoin more intuitive for new users
Tim Draper says banks are threatened by Bitcoin
Disruptive Technology
Email/Postoffice Example
What email did to the post office Bitcoin will do to the banks
Bitcoin allows people to do their own banking and handle their own finances
You can handle your own savings with no bank
Just think if you had $10,000 in a bank account and you only get 0.01% every year. Thats only $100 a year, compared to if you had it in Bitcoin you could have made $5,000 last month
What is blockchain technology?
its A peer to peer value transfer network
FBI shut down Napster because they were a file sharing service that let people download music for free.
Napster was shut down in 2006. The solution for this is BitTorrent. BitTorrent is a file sharing service that is decentralized so the FBI cannot shut it down. This is the same as Bitcoin.
Money in a video game (Counter Strike) people can sell the virtual currency for real money.
Conclusion:
Big investment banks are involved and this 21 year old kid is the one who invented this technology