Bitcoin riding at 50k
According to a recent 70-page Bitcoin ( BTC ) is the future of collateral in the finance industry.
The report notes that Bitcoin is very similar to the internet, considering that it is a “blank canvas” on which developers can build creatively upon in any desired way.
Originally, Bitcoin was intended to serve as a cryptographically-secure digital currency. However, digital currency has evolved to be more of a store of value, a speculative asset for trading, and an efficient payment solution that could cause significant disruption in the financial industry.
That said the next step for the benchmark cryptocurrency is still unknown and could take on multiple forms.
According to a recent 70-page Bitcoin ( BTC ) is the future of collateral in the finance industry.
The report notes that Bitcoin is very similar to the internet, considering that it is a “blank canvas” on which developers can build creatively upon in any desired way.
Originally, Bitcoin was intended to serve as a cryptographically-secure digital currency. However, digital currency has evolved to be more of a store of value, a speculative asset for trading, and an efficient payment solution that could cause significant disruption in the financial industry.
That said the next step for the benchmark cryptocurrency is still unknown and could take on multiple forms.