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State of bitcoin 2017

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"Cryptocurrencies future/regulation" conference held in Gibraltar (on 9th May 2017). Speaker: Jon Matonis

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State of bitcoin 2017

  1. 1. Jon Matonis Chairman, SA Globitex Founding Director, Bitcoin Foundation @jonmatonis State of Bitcoin 2017
  2. 2. First Talk in Gibraltar (2011)
  3. 3. Why Is Bitcoin Important?
  4. 4. “MoIP”: Money over Internet Protocol
  5. 5. Bitcoin Network Computational Power
  6. 6. Bitcoin Network Computational Power
  7. 7. Bitcoin Has Controlled Supply
  8. 8. Recent Blocks and the Mempool
  9. 9. Bitcoin Transaction Volume
  10. 10. Bitcoin Average Block Size
  11. 11. Why Are Bitcoin Exchanges So Important?
  12. 12. Benefits of Bitcoin Exchanges ● Stability - Increased liquidity reduces price volatility ● Access - Exchanges provide a bridge from national fiat currencies ● Risk Management - Exchanges with margin trading, futures, or options provide critical hedging opportunities
  13. 13. XBT: Proposed ISO 4217 Currency Code
  14. 14. Foreign Exchange Data Feeds Quoting XBT
  15. 15. Bitcoin Exchange Statistics
  16. 16. Current Leading Bitcoin Exchanges
  17. 17. Bitcoin Exchange Trading Volume
  18. 18. Exchange Volume Distribution (2- year)
  19. 19. Exchange Volume Distribution Over Time
  20. 20. USD/BTC Bid-Ask Spread (7 days)
  21. 21. Bitcoin Derivatives Exchanges ● BitMEX ● LedgerX ● Crypto Facilities ● SolidX Partners ● TeraExchange ● Alt-Options ● Bitnomial ● Cryex ● Coinut ▪ Bitfinex ▪ Magnr Futures/ Options Margin Trading
  22. 22. BitMEX
  23. 23. Implied BIBOR
  24. 24. Leading Bitcoin Price Indices
  25. 25. CoinDesk BPI (Bitcoin Price Index)
  26. 26. Bitcoin Price Indices ● CoinDesk BPI ● TradeBlock XBX ● BitcoinAverage ● WinkDex
  27. 27. What Does The Future Look Like?
  28. 28. It’s All About Liquidity
  29. 29. Future Prospects ● Business models for value transfer that exploit the Bitcoin Blockchain will become prominent (Epiphyte, Abra, Align Commerce) ● Private blockchains, such as the bank trials, will begin to realize that the unparalleled security of the Bitcoin Blockchain is critical to their success
  30. 30. Impact on Bitcoin Exchanges ● More distinct lines drawn between leading global exchanges versus local/regional exchanges ● Sophisticated operators enter the space expanding the product offering to include various derivatives, such as futures, options, and swaps ● Evolution towards a collateralized broker/member model to better manage counterparty risk
  31. 31. Primary Regulatory Issues ● Are current money service business regulations satisfactory for exchange operators? ● Should there be a difference in treatment between custodial and non-custodial wallets? ● It is essential to make your jurisdiction attractive as a digital technology center.
  32. 32. The Future
  33. 33. Thank You! Twitter: @jonmatonis

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