The Subversion of Money?
“Banking is necessary, banks are not” Bill Gates (1994)
What price will Bitcoin be by the time you read this? $50,000? $5? Its value today is around $17,000. This represents an increase of 1,600% since 1 January 2017 and around 5,666,666% since 1 January 2011. The total market capitalisation of all Bitcoins mined so far is close to $280 billion. If Bitcoin were a corporation, it would be among the largest dozen or so in the US. So why cryptocurrencies? And why now?Read article »