Happy Genesis Block Day to all of our readers. Today marks the 5-year anniversary of the first bitcoin block ever mined, ushering in not only a new digital currency, but also the functional implementation of a potentially revolutionary worth transfer technologies. More than the past year, market place participants have witnessed tremendous development cycles driven by regional catalysts about the globe – from the Cypriot monetary crisis in March to the Chinese exuberance over the last quarter. With rising interest coming from institutional finance of late, it appears the most important wave in bitcoin’s sixth year may be oriented not geographically, but demographically. Visible, Growing Interest At a combined USD-equivalent worth of approximately $ 10B, the total value of bitcoin outstanding is now the size of a massive-cap business and traditional economic firms are displaying signs of growing focus on the budding industry. In the last few months, major sell-side banks like Citi, NAB, and BaML have published formal investigation on the sector. Even though most of it has been reasonably rudimentary for those…
The post Bitcoin’s Sixth Year Most likely Driven By Institutional Participation appeared initial on The Genesis Block.
Bitcoin’s Sixth Year Most likely Driven By Institutional Participation
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