The document discusses the emergence of digital currency, specifically Bitcoin, which was introduced by Satoshi Nakamoto in 2009. It covers Bitcoin's transaction system, its limited supply, growing demand, market volatility, and predictions for future prices. The document also emphasizes the importance of secure investments in Bitcoin and the potential for significant returns, urging caution in how much one invests.

1. Emergence of Digital Currency : Bitcoin
VINOD SINHA
JUNE 02, 2017

2. Emergence of Digital Currency : Bitcoin
Evolution of Money
Bitcoin – An Introduction
Future of Bitcoin
Investing in Bitcoin

3. Evolution of Money
Barter
Coins
Paper
Currency
Plastic
Money
Digital
Currency

4. Bitcoin – An Introduction
 Satoshi Nakamoto in 2009 released an open source software, called Bitcoin
 No one knows who Satoshi is – a person or a group?
?

5. Bitcoin – An Introduction
 Allows peer-to-peer transaction without any third party mediation

6. Node
Node
Blockchain
Blockchain
Peer
User
Bitcoin – An Introduction
 Group of transactions, called block, is transacted every 10 minutes
 New transactions, as part of the block, are broadcast on all nodes
 Nodes accept the block only if all transactions in a block are valid and not previously spent
 Transactions are recorded in Blockchain, a public ledger or a distributed database
Block 1 Block 2
10 Minutes
Source: “Bitcoin: A Peer-to-Peer Electronic Cash System” by Satoshi Nakamoto
User

7. Bitcoin – An Introduction
 Only 12.5 Bitcoins are mined every 10 minutes and this number becomes half every 4 year
 There will be only 21 million Bitcoins; currently about 16.37 million Bitcoins are in circulation

8. Future of Bitcoin
 Demand is growing across the world and the supply is limited
S
U
P
P
L
Y
D
E
M
A
N
D
& =

9. Future of Bitcoin
 Only 0.1% to 0.2% of population are transacting Bitcoin
 Since inception Bitcoin price has only increased (source: http://bitcoincharts.com)

10. Future of Bitcoin
 Bitcoin is a new concept, hence volatility is higher but stabilizing over time

11. Future of Bitcoin
 Market capitalization increased from $1 Billion to nearly $40 Billion in 7 years
(source: http://coindesk.com)

12. Future of Bitcoin
 Recently Asian countries have actively participated in Bitcoin, raising its price
substantially
(source: http://bitcoincharts.com)

13. Future of Bitcoin
 More countries are regulating Bitcoin, recently Japan recognized Bitcoin as a
legal currency
Source: http://coindesk.com

14. Future of Bitcoin
 Bitcoin price is predicted to be $5,000 by next year
 Some enthusiasts believe that 1 Bitcoin can be $100K or more by 2030
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
2016 2018 2020 2022 2024 2026 2028 2030 2032
BITCOIN FUTURE PRICE SPECULATION

15. Investing in Bitcoin
 Bitcoin is a digital currency, asset, technology, and system
 Invest on long term basis; short term can be risky due to volatility
Short
Term
Investment
VS.

16. Investing in Bitcoin
 Bitcoin is a new experiment but an exciting one, so invest what you can afford
to lose

17. Investing in Bitcoin
 You can either mine or purchase Bitcoins
 Coinbase and Gemini are leading exchanges in the US
 http://www.coinbase.com
 http://www.gemini.com
 Once an account is setup:
 Know transactions limit per week
 Keep your wallet secured with strong password and dual factor authentication
 Bitcoin transactions are irreversible, so you will lose Bitcoin if someone hacked your wallet
 Learn different ways to keep your wallet secured

18. In Summary…
 Bitcoin is exciting and disrupting
 It will be probably a mistake of your lifetime if you don’t invest in Bitcoin
 It will be a big mistake if you invest more than you can afford to lose
 Bitcoin has potential to turn your investment in many folds
 It is not too late to invest in Bitcoin!

19. The End!