Bitcoin - a type of cryptocurrency is recently developed and is in trend. It has the capacity to become the future of the markets. With more types of currency coming up like bitcoin, it definitely means that it has huge potential in itself.

1. BITCOIN – THE NEW CURRENCY

2. 
“Na biwi na bacha, na baap
bada na maiya,
The whole thing is that ki
bhaiya sabse bada rupaiya”


3. Revolutionary changes in society
Freedom Revolution Industrial revolution
Technological
revolution
Social Media
revolution
Monetary
Revolution

4. Why do we need money?

5. Evolution of Money
• Portability • Durability • Scare • Divisibility

6. Backed by the Gold
Standards
• Before 1918, which is less than 100 years
back, there were more than 5,000 different
bank notes in circulation in US alone
• Each US dollar bill was issues by a different
bank
• The dollar bill can be exchanged against the
precious metal like gold or silver
• This kind of money is called as “backed by
the gold standards”

7. Evolution of Money
FIAT
Money
• Portability • Durability • Scare • Divisibility

8. FIAT Money
• FIAT meaning – something which has no
intrinsic value
• Contrary to our belief, the money we currently
use is the FIAT money and not backed by the
“gold standards”
• Features of FIAT Money
• It is a centralized currency
• It is less than 100 years old
• The value to the currency is assigned by
the central authority and we believe it

9. Scope of Improvement
Portability
• Physical money can be moved anywhere
• With e-money, 3rd parties are involved, so portability of the money is at their mercy
Global
Citizen
• National currencies are limited to national boundaries
• For international transactions, hefty transaction fees needs to be paid (up to 15%)
• Approx 6 trillion dollars are exchanged daily and its still growing
Hyperinflati
on
• Unlimited Supply and free to use
• Supply depends on the central authority controlled by monetary policies
• Supply is increased for various reasons – give economy a lift or elections or fund a war

10. Hyper Inflation
• Inflation arises when there is increase in supply
of money and hence increase in demand
• With inflation, the value of our money reduces
• Increase in supply in a very short period of time
causes hyperinflation
• In less than 100 years, more than 55 cases have
been recorded of hyperinflation
• Examples:
• 1946 – Hungary, the daily inflation rate rose
to almost 200%
• 2008 - Zimbabwe Dollar was loosing half its
value every 25 hours
• 2014 – Russian Rubble lost almost 40% of its
value

11. Bitcoin
• Came into existence in Jan 2009
• An anonymous person named Satoshi Nakamoto invented it
• Australian Entrepreneur Craig Wright recently claimed that
it was his invention
• It is peer-to-peer pseudonymous digital currency
• "Peer-to-peer" (P2P) – No central authority creating new
money or clearing transactions
• "Pseudonymous" - The real world identity of the parties of a
transaction can be kept hidden from the public identified by
address only
• It is precious as supply will be only to 21 mn units
• It has benefits of both physical and digital money
* Digital currency using encryption techniques for regulated
generation & verification of transactions & operating
independently across all boundaries

12. Bitcoin

13. Characteristics & Benefits of Bitcoin
Easily transferable anywhere
in the world – Digital Cash
Decentralized currency – no
3rd party involved
Bitcoin Is legal
Cryptocurrency
Global currency- no country
owns it and no country can
shut it down

14. Characteristics & Benefits of Bitcoin
Privacy is maintained. You have the right to spend your money anywhere
without disclosing the identity
Precious and rare – only 21 Mn units can be generated, 14 Mn generated
so far
Limited Supply – resistant to hyper inflation
Bitcoin is a number – so it is infinitely divisible. At present, divisible to 8th
unit. 1 BTC = 100,000,000 Satoshi
No transaction costs are involved currently for procurement/trade
It is easily portable with the use of bitcoin wallet
There are no issues with durability with the currency The Bitcoin block mining reward halves every 210,000
blocks

15. Bitcoin Mining

16. Why do we bother? – Future of Bitcoin
15
23
0
5
10
15
20
25
2013 2014
Trading Volume
(In Mn USD)
Trading Volume (In Mn USD)
3.19
7.95
0
1
2
3
4
5
6
7
8
9
2013 2014
Bitcoin Wallets
(Nos)
Bitcoin Wallets (Nos)
3
510
0
100
200
300
400
500
600
2014 2016
Bitcoin ATMs
(Nos)
Bitcoin ATMs (Nos)

17. Why do we bother? – Future of Bitcoin
96
355
0
50
100
150
200
250
300
350
400
2013 2014
VC Investment
(In Mn USD)
VC Investment (In Mn USD)
Companies Type Funded by
Amount
(Mn USD)
Xapo Online Wallet
Index Ventures &
Greylock Partners
40
Bitpay
Bitcoin payment
service provider
Index Ventures 30.5
Blockchain
Online Wallet &
other bitcoin
related services
Lightspeed
Venture Partners
and Wicklow
Capital
30
Top 03 VC deals in 2014
• Ex CEO Citibank Vikram Pandit and NYSE have also invested 75 Mn USD in
bitcoin startups in 2015
• Paypal founders, Ebay founders & Expedia have invested 116 Mn USD in
2015
• Blockstream raised 55 Mn USD in 2016 & Coindesk raised 75Mn USD in
2015 some of the largest funding in the history of virtual currency

18. Why do we bother? – Future of Bitcoin
Top 5 Countries where bitcoin is used - 2014 Companies which started accepting bitcoins - 2014

19. Influential people on Bitcoin
Bitcoin is better than
currency in that you don’t
have to be physically in the
same place
It's a technical tour de forceIt’s a bold entrepreneurial
technology

20. Influential people on Bitcoin
It is a huge deal, it's a huge,
huge, huge deal
I do think Bitcoin is the first
[encrypted money] that has the
potential to do something like
change the world
Bitcoin is a remarkable
cryptographic achievement and
the ability to create something
that is not duplicable

21. Influential people on Bitcoin
Bitcoin actually has the
balance and incentives
right, and that is why it is
starting to take off
Every informed person needs
to know about bitcoin because
it might be one of the world’s
most important developments
[Virtual Currencies] may hold
long-term promise, particularly
if the innovations promote a
faster, more secure and more
efficient payment system

22. Challenges - Bitcoin
• Resistance from the 3rd parties
• Value of bitcoin is very fluctuating
• The basic of bitcoin is technology, but it is still a challenge for developing
economies
• Security
• Bitcoin transaction fees
• Processing time of transactions
• Low adoption rate

23. Other Virtual/Cryptocurrencies
Litecoin
Created by – Charles Lee
Creation date – 2011
Peercoin
Created by – Sunny King
Creation date – 2012
Darkcoin
Created by – Sunny King
Creation date – 2013
Dogecoin
Created by – Shibu Inus
Creation date – 2013
Currencies
Market
Capitalization
Price (USD)
(As of 19th Aug, 2016)
Bitcoin $4,754,296,898 $574.40
Litecoin $121,860,749 $3.53
Dogecoin $20,112,825 $0.25
Peercoin $14,882,010 $0.68
Darkcoin $11,066,538 $2.24
Primecoin $961,543 $0.12