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What To Expect From The Future Of Crypto | Bold Business
Posted
June 17, 2021
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June 17, 2021
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10:35Now PlayingThe crypto craze is everywhere you turn, and isn’t slowing down anytime soon. El Salvador legalizes Bitcoin and Goldman Sachs declares Bitcoin as an investment asset. What does this mean for the crypto market and the investment market at large?
Welcome back to Bold Business with Philip Michael! Be sure to like, subscribe, and hit the notification bell for stock market news, crypto news, and all things BOLD.
Today, Philip is joined by Daniel Roberts, the Editor-In-Chief of Decrypt to tell us what we need to know about the future of crypto.
What’s in store for the future of crypto? Why is it so big now?
Daniel Roberts has been covering crypto since 2011 and agrees it's as big as it's ever been, and the most mainstream as it’s ever been. But it’s not just retail investors but big name brands, corporations, and hedge fund titans investing in Bitcoin. They might not think that it’ll become an official US currency, but that it does have worthwhile value.
The history of Bitcoin - What is Bitcoin and how did it become what it is now?
Bitcoin began in 2011 by Satoshi Nakamoto, someone who is still anonymous to this day, as a peer-to-peer cash system. It’s not really being used as that today. Today, it’s mostly being used as an investment asset to hold on to, much like stock. But, once you get into a wider market with Ethereum, that is designed for smart contracts and business applications. Ethereum came second and is on a separate network than Bitcoin.
A lot of cryptocurrency experts will tell you now that bitcoin will always be here. It’s here to stay and it’s digital gold, maybe the price will even go up. Ethereum and other members of the cryptocurrency market are going to have multiple business uses and applications in the years to come.
Think of cryptocurrency as a misnomer. It’s not a currency as much as it’s a digital asset, and even an investment asset.
What did you think of the latest crypto news today? Let us know in the comments below!
You can learn more about Dr. Heather Simone here
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