The Bitcoin trend has become prominent over the past year and has affected the financial world. About 20 years ago, the buzzword was “dot com.” Everybody was starting technology companies, and these companies were able to raise millions of dollars easily.
Much has changed, and we have moved into a complex technological age with the new trend, “Bitcoin.” Bitcoin is starting to infiltrate Wall Street. It is much less of a technology that hackers use and is a technology that major institutions are starting to use.
The movement from the public into institutions is complex, but not for Bitcoin. Bitcoin can stay decentralized no matter who uses it. The various governments around the world will never be able to change that. The only thing that major institutions can do is scare the public.
Jamie Dimon, the CEO of JP Morgan, recently made statements against Bitcoin. Following the statement, Bitcoin’s price reacted negatively. So can it be just a trend? I do not think so. Bitcoin is here to stay, and institutions know that.
Look at all of the major companies that are releasing ICOs. We recently had the Kin ICO, created by the popular application company Kik. We also have recently seen CEOs like Patrick Byrne (the CEO of Overstock.com) strongly support Bitcoin.
So what do you think? Is Bitcoin just a trend like a dot-com bubble? Let me hear your thoughts below…