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Why Bitcoin’s Rate of Adoption is Only Going to Increase

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Presented by Roger Ver

Published in: Business
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Why Bitcoin’s Rate of Adoption is Only Going to Increase

  1. 1. Bitcoin Crossing the Chasm Roger Ver
  2. 2. Good Money
  3. 3. Why Bitcoin? “For the first time in the history of the world, anyone can now send or receive any amount of money with anyone else, anywhere, instantly, basically for free, and it is impossible for anyone, including governments, to stop them. ”
  4. 4. How? Open and decentralised network Open code and transparent protocol Public record of all transactions Blockchain Protocol Client Network
  5. 5. Bitcoin in 5 minutes 1. Get a wallet 2. Buy bitcoins 3. Spend bitcoins
  6. 6. Wallets
  7. 7. Be safe! Bitcoin gives you unprecedented control over your money. That is a great responsibility. -Keep your private keys safe -Make backups -Hold your bitcoins yourself! -Be careful who you trust with your bitcoins -Multi- Signature
  8. 8. Regulation merkletree.io
  9. 9. Growth: Users
  10. 10. Growth: Price
  11. 11. Growth: Transactions
  12. 12. Growth: Merchants
  13. 13. www.purse.io
  14. 14. Coffee!
  15. 15. 2010 – Pizza 2011 – Hackers Evolution
  16. 16. 2013 – Focus Evolution 2012 – Consolidation
  17. 17. 2015 Banks Evolution 2014 Ecommerce
  18. 18. Markets bitcoincharts.com/markets/
  19. 19. Ecosystem Software Exchange Mining CustodianHardware
  20. 20. Scaling Bitcoin blocksize.org
  21. 21. Governance Devs Miners Wallets Exchanges Investors UsersNodes
  22. 22. coinmarketcap.com Cryptocurrencies
  23. 23. Startups angel.co/bitcoin
  24. 24. VC Investment
  25. 25. Banks @dianacbiggs
  26. 26. ATMs coinatmradar.com
  27. 27. Mobile
  28. 28. IoT
  29. 29. Retail coinmap.org
  30. 30. Retail: NFC & Cards
  31. 31. Remittances rebittance.org
  32. 32. Philanthropy
  33. 33. Social Networks ChangeTip allows 300Mn Twitter users and 1.4Bn Facebook users to instantly send and receive bitcoins.
  34. 34. Payment processors
  35. 35. Browser Integration
  36. 36. Games
  37. 37. e-sports
  38. 38. Forex FX Brokers are starting to accept Bitcoin for deposits and withdrawals
  39. 39. Investment 2013 Bitcoin CFDs  2014 Bitcoin Derivatives  2015 Bitcoin ETFs  2016 ??
  40. 40. Financial Markets 2.0 P2P Currency  P2P Payments  P2P Lending  P2P Markets  P2P Funding (beta) P2P Contracts (beta) P2P Law …
  41. 41. Valuing Bitcoin Amazon Revenue 2014: $88.9 billion 3% average transaction fee Amazon pays $2.6 billion a year in transactions fees. Amazon nets $1 billion per year. Amazon could double their profits by doing all transactions in Bitcoin. If the market cap for Bitcoin was $89 billion, each Bitcoin would be worth $6,300.
  42. 42. Valuing Bitcoin Gambling The online poker market is $4.8 billion a year industry. Online gambling will follow poker and is a $30 billion a year industry If the market cap for bitcoin was $30 billion, each bitcoin would be worth $2,142.
  43. 43. Valuing Bitcoin Remittances International remittance is the transfer of money by a foreign worker to their home country. In 2014 global remittances were over $600 billion dollars. Western Union fees for remittance can run from about 4 percent to 20 percent or more. If the market cap for Bitcoin was $600 billion, each bitcoin would be worth $42,800.
  44. 44. Valuing Bitcoin Present value There are currently approximately 15 million Bitcoin users (doubling each year at current growth rate). There are currently 15 million bitcoins in circulation. If each user is on average willing to hold $500-$1000 worth of value in Bitcoin, the total market cap of Bitcoin would range from $7.5-15 billion. With 15 million coins in circulation this would give us a present value of $500-1000 per bitcoin, based exclusively on current market size.
  45. 45. Q&A @rogerkver rogerver.com

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