10 Nov '17, 9am

Bitcoin Leads Digitalization of Global Monetary System, Finance Industry

Over the past decade, companies with almost no physical assets have turned out to be the most successful businesses in their respective industries. Bitcoin is leading the digitalization of the global monetary system and is en route to competing against existing fiat currencies and the finance industry. Uber, Airbnb and Amazon Amazon, the second largest technology company in the global market with a $544 bln market valuation, has been criticized as a bubble and for its supposed “unsustainable business model” since 1997, for more than two decades. Eventually, Amazon evolved into the leading service provider in the international e-commerce industry surpassing the growth rate of Alibaba in the past few years. Businesses like Uber and Airbnb that are structurally similar to Amazon in terms of their tendency to limit holdings of physical assets have greatly exceeded the expectat...

Full article: https://cointelegraph.com/news/bitcoin-leads-digitalizati...

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