Your SlideShare is downloading. ×
Nick Shalek - Bitcoin
Nick Shalek - Bitcoin
Nick Shalek - Bitcoin
Nick Shalek - Bitcoin
Nick Shalek - Bitcoin
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Nick Shalek - Bitcoin

733

Published on

Published in: Technology, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
733
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
11
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. 1“The Social Internet” Conference Call SeriesBitcoin – The New Digital Gold?June 2013
  • 2. 2Viral(people actually will talk about it)Novel(opportunity to reshape regulatory structures)Global(reaches many types of underserved users)Bitcoin is unique in financial servicesThree general ways to play it….
  • 3. 31. Invest in BTCBitcoin:• Is useful (remittances, micro-transactions, time-sensitivepayments, etc)• Is scarce, so it has a price ($100+ today)• Clearly can go to zero, but the payoff is asymmetric• Of course, you need to assign your own probability ofsuccess!1/5 of CurrentGrowth over 5 yrs= $3,000+ BTC5% of $20 trillionInformal Economy= $7,000+ BTC5% of $7.5 trillionGold Market= $15,000+ BTC
  • 4. 42. Invest in Bitcoin InfrastructureThe first wave of Bitcoin companies:• Are aimed at improving the basic user experience• Similar to the ISPs/dial-up services of the early Internet• Some will be valuable, but many will not• Mining opportunities = lucrative (for some), short-livedWallets Exchange/TradingPlatformsMerchant andPayment Services
  • 5. 53. Invest in the innovation Bitcoin will spawnBitcoin is like TCP/IP, the Internet. What will be Google?• Recasting the financial services we know• Today: vertical, geographically-specialized• Tomorrow: horizontal, functionally-specialized• Creation of financial services we haven’t imagined yet• ex. Reputation-based peer-to-peer lending• ex. Smart asset ownership tied directly to identity• ex. Use of the blockchain for other purposes

×