People who believed that the Bitcoin is a ‘next money’ no longer have their vision on it as ‘money’ as blockchain technology took it to another level and many New Business were created which are based on blockchain technology.
The value of Bitcoin on January 2 2017 was exceeded by 1,000 dollars. This was the highest value for the second half of 2013. But you need to be very careful while investing doesn’t get into the trap of these charming numbers. As this is not mainstream currency. We cannot even compare traditional currency with Bitcoin.
Many people cryptocurrency but it has its own world where its trading is possible if we talk about the general public and normal world people still do not believe that cryptocurrency can ever be able to get used in buying and selling the goods. It will always remain an investment scheme.
This is a world where people need the simplest things to use and they do not need any kind of digital currency. They are comfortable in using a traditional currency which is very simple to use and maintain.
And when they need some advancement, they have the option of using debit and credit cards. Because there are many restrictions in using the Digital currency and govt banned these currencies in their states.
Cryptocurrency’s world it’s potential
The basic and most profitable use of Bitcoin is to buy and sell it as an investment option just like the gold or the stock market. Its market value is fluctuating just like expensive metals and stocks.
But most importantly its price is increasing day by day as more and more miners join and do mining of Bitcoins which increases its price and makes it worth it.
Bitcoin is also one of the ways to circulate money around the borders. In a Japanese article, it was written that Bitcoin will be considered as the mainstream currency. But they found out the role of Bitcoin is a little bit different than basic currency usage.
They were not comparing Bitcoin with gold or any kind of currency which is regulated by the western union who handles all the financial transactions across the globe or it’s not like a share also it is a different kind of finance.
They believe that with the inclusion of Blockchain technology the security firewall of Bitcoin has increased in a better way which leads it to be the part of the Business and encourage them to grow.
This is what the role of Bitcoin they wanted to show us. There is a wealth matrix login if this will totally include in businesses.
Business to automate
Carlson Wie’s company supports all the new types of funds that are willing to support the business in expanding them and who can utilize blockchain efficiently.
Andreesen Horowitz and Union square ventures invested Ten million dollars in Polychain capital and invested on a single term that each and every penny from ten million dollars needs to be invested in Bitcoin, Ethereum, or other digital currencies who all are having Blockchain security technology in it.
With the help of this Polychain capital cryptocurrencies like Ethereum can build their own software named ‘Smart Contract’ who has the potential driving and whole business by itself without any interference of any kind of software.