Joseph A Cottrell

Sep 22

·4 min readWhat are your predictions for the bitcoin market?

Beyond the realm of cryptocurrencies, blockchain technology offers a wide range of potential uses. Bitcoin, for instance, was the first digital asset to make use of the blockchain technology. Bitcoin has the potential to be used in institutional portfolios as a hedge against macroeconomic issues such as worries about inflation and rising money supplies. Bitcoin has the potential to act as a digital alternative to gold or as a complementary asset to gold.

Through the use of shared and open infrastructure, every contact that is rendered more costly, inefficient, or delayed by intermediaries may be enhanced. We anticipate that the distributed ledger technology known as blockchain will have a greater influence on society than the internet did.

The technology behind blockchain enables the construction of the subsequent generation of internet apps, which are made possible by the digitization of information

Keep reading this article on Blockchain-Medium.

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