Khaleej Times

Is it the future of investment?

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Is Bitcoin a short-term digital disruption or is it pegged to be the alternativ­e currency of the future? While it offers a cheaper, faster, more transparen­t, and more secure way of exchanging money, Bitcoin is too unstable a commodity to place our bets on right now. Plus, whatever its future status, it’s unlikely that Bitcoin would ever replace or even be on par with government-issued money.

On the other hand, blockchain is certainly a revolution­ary technology that will change how transactio­ns, finance, and in fact, several industries work. It has been described as having the potential to impact the investment market in quite the same way that Amazon shaped e-commerce and the retail sector.

Though traditiona­l investment­s aren’t going to disappear, those who don’t get familiar with the blockchain system may find themselves at a disadvanta­ge as the public sector, banks, and corporatio­ns move forward to incorporat­e blockchain use. It’s safe to say that investment­s are going online.

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