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Digital Digest 2 by Harshit
- 1. By Harshit Madan CRYPTO AN EMERGING THREAT TREND June 12, 2021 1
- 2. • What is Crypto? • How is it helpful to business • S.W.O.T Analysis • Projections • Conclusion • Work Cited OUTLINE June 12, 2021 2
- 3. Growth in the last 3 months 60% Currently in circulation Expected Market size by year 2026 What is cryptocurrency? A Crypto currency is a digital asset, which functions and is regulated by block-chain technology. Crypto, like other assets, can be bought, mined and traded with other crypto currencies or digital assets. 18M $2.2B LET'S GET YOU FAMILIAR WITH CRYPTO 3 (Bitcoin market cap 2013-2021 | Statista, 2021) June 12, 2021 Here's an overview of Bitcoin (crypto) to give you an idea of how big the industry is
- 4. BITCOIN 4 June 12, 2021 A FEW CRYPTOS AND WHAT THEY MEAN Established: 31st October 2008 Purpose: Timestamp Agenda: To demolish economic stability due to fractional reserve banking Established: Late 2013 Purpose: Smart contracts for digital asset ownership Agenda: Provide solutions for scaling problems offered by Bitcoin Established: 2013 Purpose: A joke to mock crypto industry. Agenda: This highly popular crypto has no agendas and is currently used for digital tipping. ETHEREUM DOGECOIN (Crypto Basics, 2021)
- 5. 1 Cloud Storage More than $22 billion are spent on cloud storage worldwide. There are crypto assets developing to solve that problem in the most secure and decentralized way. 2 Smart Contracts ‘smart contracts’ are “self-automated computer programs that can carry out the terms of any contract.” without any third party interference. 3 Stake holding Businesses can hold a stake in crypto currency and wait for future opportunities. 5 HOW CAN CRYPTO HELP BUSINESSES June 12, 2021 (Economist, 2021)
- 6. STRENGTHS • Decentralized • Transparent system • Ease of access OPPORTUNITIES WEAKNESSES THREATS • Adoption as currency or legal tender by few nations, many other in talks. • Trading digital assets and NFTs. • No transaction fees • Scalability • Volatility • Anonymity • Theft • Future government regulations • Public skepticism TIME FOR SOME ANALYSIS June 12, 2021 Footer Message 6 100% 0%
- 7. • Even though the crypto industry is forecasted to rise in the next few years, it's hard to predict it's future in business as there are a number of barriers that hinder its mass adoption. • Businesses would require the infrastructure to buy and sell using crypto currency as well as the expertise to transact. • However, Crypto industry is yet to be explored to it's full potential. • No matter how lucrative the offer is, without proper understanding of the digital asset, one is not advisable to invest or adopt in crypto assets/currency IN CONCLUSION... June 12, 2021 Footer Message 7
- 8. • Coinbase.com. 2021. Crypto Basics. [online] Available at: <https://www.coinbase.com/learn/crypto-basics> [Accessed 6 April 2021]. • Economist, T., 2021. 5 applications for blockchain in your business. [online] ExecEd Navigator. Available at: <https://execed.economist.com/blog/industry-trends/5- applications-blockchain-your-business> [Accessed 12 June 2021]. • Statista. 2021. Bitcoin market cap 2013-2021 | Statista. [online] Available at: <https://www.statista.com/statistics/377382/bitcoin-market-capitalization/> [Accessed 11 June 2021]. WORK CITED June 12, 2021 Footer Message 8