The shape of money is transforming - it's becoming digital. Bitcoin is emerging as the digital currency of the world and this document provides information about Bitcoin.

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!