After three years of trading in comparative obscurity, the emergence of bitcoin in 2013 as a feasible crypto currency is promising both to open up new possibilities to entrepreneurs and incumbent businesses and to introduce challenges to regulators like the U.S. Federal Reserve. Rising in worth from only $0.05 in mid-2010 to over $1,000 by November 2013, bitcoin is to some people the 21st century variant of Tulipmania and to others a feasible alternative to fiat currencies.
Bitcoin's popularity has prompted the growth of competing crypto currencies, the establishment of a foundation to boost its interests and also the emergence of grey market and legitimate entrepreneurs looking to capitalize on the currency itself and its features. Its position as a currency concerns regulators all over the world, and hackers have already used security differences in service providers such as Mt. Gox, a bitcoin exchange platform, for their own advantage. Having a look at the current developments, what will the future of bitcoin be?
PUBLICATION DATE: August 06, 2014 PRODUCT #: W14336-PDF-ENG
This is just an excerpt. This case is about STRATEGY & EXECUTION
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