Category Archives: Future

Auto Added by WPeMatico

Institutional Investors Have High Hopes for Bitcoin During Economic Crisis

Market research company Fundstrat has produced details of a survey that indicates institutional cryptocurrency investors have a bullish attitude towards Bitcoin’s performance in circumstances of an economic crisis such as a recession.

Key findings of the survey:

  • 72% of institutional investors believe the price of cryptocurrencies will rise if there is a recession;
  • 44% of these investors believe such an economic crisis is coming in the next 18 months;
  • 60% think that the US has the correct regulatory stance for the industry, and believe the rest of the world will follow suit;
  • 59% believe Bitcoin will be the best performing crypto in 2019.

A consensus from investors and the Twittersphere

Fundstrat shared that alongside 72% of institutional investors that believe a recession will spur a cryptocurrency price surge, 59% of respondents to a Twitter poll voted in the same way.

While there was no clear consensus from investors on whether a recession will affect the US in the next 18 months, in parts of the world already suffering, cryptocurrency markets have already begun to grow.

Bitcoin News recently reported on the economic crisis in Venezuela where Bitcoin is being used in mass for charitable donations. The adoption of other digital currencies has also become an increasingly popular way to avoid losing money due to hyperinflation. Dash has become so popular, fast food chain Subway now accepts it as a payment method.

In Iran, a travel startup calling itself IranbyBit is exclusively accepting Bitcoin as payment for a range of travel options that they offer as a way of avoiding economic sanctions on the country that are preventing economic growth.

The future for crypto

Given four choices to vote from in regard to the future of regulation, institutional investors voted overwhelmingly at 60% that the US’s strict stance was the correct one, and that the rest of the world will follow its lead. Just 12% said that they believe the global regulatory structure will remain fragmented.

Perhaps, unsurprisingly, 59% said they think Bitcoin will be the best performing cryptocurrency next year, with Neo, Tron and Stellar, all receiving just 5% of the vote apiece.

Follow BitcoinNews.com on Twitter: @BitcoinNewsCom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post Institutional Investors Have High Hopes for Bitcoin During Economic Crisis appeared first on BitcoinNews.com.

Bitcoin Predicted to Dominate Future of Online Marketplaces

Bitcoin is becoming the world’s number one internet currency. This is according to Jack Dorsey, the owner of Square. He says that Bitcoin will emerge with time to become the Internet’s “native currency”, with the increasing popularity of the currency to overrun other internet currencies and become a preferred medium of exchange.

Bitcoin’s predicted future dominance

Jack Dorsey predicted the future dominance of Bitcoin back in March 2018 during an interview with Elizabeth Stark of Lightning Labs, where he expressed belief that when native internet currency emerged, Bitcoin would be at the fore..

Speaking during the Consensus 2018 Conference in New York, he said that the internet deserved a native digital currency that would become the mode of all payments for all transactions running across the web.

The digital marketplace

The concept of digital currency is entrenched in the world of online trade. In many instances, new digital currency such as Bitcoin has been the subject of discussion.

“Similarly, a day never lapses at Square without people discussing the idea of Bitcoin dominating the future of all internet transactions,” added Dorsey. Despite some people being skeptical about the digital currency, the open access policy will inspire its quest for dominance in all internet payments.

Payments solutions boosting the rise of Bitcoin

Additionally, the payment solutions developed for blockchain recognizes the significance of Bitcoin.

“At Square, any payment that comes across our table, the seller should be able to accept it,” remarked Dorsey. Square is in the payment industry and applauds Bitcoin’s role in ensuring swift and safe payments through the internet.

Square has a system that accepts Bitcoin payments. According to Mike Brock, an engineer at Square, the reason why they settled on Bitcoin is because of its simplicity.

Simple payments

Mike and Dorsey were eyeing simple internet payments that would work like any other common dollar payments. With Bitcoin, simple transactions like coffee purchases would not look any different as a transaction, so much so that cashiers might not even notice that the payment was in Bitcoin.

Square will build systems that will accommodate the payments for consumers and merchants. It wants to push for the acceptance and the dominance of Bitcoin payments by developing payment solutions. However, according to Dorsey, the goal for all these payment solutions must remain the same – just like walking into a coffee shop and making payments with Bitcoin.

 

Image Source: Max Pixel

Follow BitcoinNews.com on Twitter at https://twitter.com/bitcoinnewscom

Telegram Alerts from BitcoinNews.com at https://t.me/bconews

The post Bitcoin Predicted to Dominate Future of Online Marketplaces appeared first on BitcoinNews.com.