Presented by Roger Ver

1. Bitcoin
Exponential Growth
Roger Ver

2. Good Money

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. How?
Open and decentralized network
Open code and transparent protocol
Public record of all transactions
Blockchain Protocol Client Network

5. Bitcoin in 5 minutes
1. Get a wallet
2. Buy bitcoins
3. Spend bitcoins
…nearly a million websites

6. Wallets

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. Regulation
Regulation of exchanges, acceptance of protocol.
Free speech and censorship.
Currency, digital commodity, or prepaid instrument?

9. Growth: Users

10. Growth: Price

11. Growth: Transactions

12. Growth: Merchants

13. www.purse.io

14. 2010 – Pizza
2011 – Hackers
Evolution

15. 2012 – Consolidation
2013 – Limelight
Evolution

16. 2014 – Ecommerce
2015 - Wall Street?
Evolution

17. 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.

18. 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.

19. 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.

20. Valuing Bitcoin
Amazon = $6,300
Gambling = $2,140
Remittances = $42,800
Bitcoin adoption world wide = ??????

21. Valuing Bitcoin
http://www.globalmacroinvestor.com/

22. Valuing Bitcoin
Present value
There are currently approximately 10 million Bitcoin users
(doubling each year at current growth rate).
There are currently 14 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 $5-10 billion.
With 14 million coins in circulation this would give us a
present value of $357-714 per bitcoin, based exclusively on
current market size.

23. Markets

24. Second Generation Exchanges
Transparency - External Audits
Proof of reserves - No fractional reserve
P2P Exchanges
…distributed exchanges coming in 2015!

25. Ecosystem
Software Exchange
Mining Custodian

26. coinmarketcap.com
Cryptocurrencies

27. Startups
angel.co/bitcoin

28. VC Investment

29. ATMs

30. Bank integration

31. Mobile

32. Main Street
coinmap.org
7000+ physical
locations

33. Remittances
rebittance.org

34. Philanthropy

35. Micropayments

36. Social Networks
ChangeTip allows 300Mn Twitter
users and 1.4Bn Facebook users to
instantly send and receive bitcoins.

37. Payment processors

38. Games

39. E-Sports

40. History

41. Financial Markets
2013 Bitcoin CFDs
2014 Bitcoin Derivatives
2015 Bitcoin ETFs
2016 ??

42. Financial Markets 2.0
P2P Currency 
P2P Payments 
P2P Lending (beta)
P2P Markets (beta)
P2P Funding (beta)
P2P Contracts 2015
P2P Law ?

43. Q&A
@rogerkver www.rogerver.com