What Venture Capitalists Need to Know before Investing in Bitcoin

Bitcoin and blockchain spaces have received much attention in recent years as investors recognize massive opportunities in the spaces – they themselves can enter into the cutting edge of financial technology.
Financial technology, in general, has received attention as banks cut down on bank branches, looking to bring their services into the 21st century. Bitcoin has caught a lot of attention but there are key things any investor in the space should know.
For one, if you’re looking to invest into the Bitcoin space, remain humble. Bitcoin doesn’t actually need your participation. Its deflationary coding will ensure that the idea Bitcoin proliferates. Many firms in the space celebrate the same innovation they’ve made: they all make Bitcoin easier to use. In reality, Bitcoin and the core wallet it’s pretty easy to use anyway.
For that reason, many Bitcoin startups are redundant. Why, for instance, is there a need for so many wallets? Competition for competition’s sake? And, furthermore, what new features do they bring to the table? Most importantly: how do they profit?

This post was published at Crypto Coins News on 28/08/2016.

Comments are closed.