Cryptocurrency is a form of currency with no physical form. After the formation of the internet in the 1970s, US cryptographer David Chaum developed the concept of an e-currency, called ecash. Since then, many around the world have used digital currencies such as Bitcoin to pay, trade and save.
To many, Cryptocurrencies are little more than a confidence trick. As with all currencies, the value of cryptocurrency relies on the confidence of the market investing in it. The success of any given currency depends on a number of factors, including economic and political inputs. The Cryptocurrencies – Thematic Research report focuses on cryptocurrencies and their future role in the world.
Bitcoin, Litecoin and other popular currencies are explored and evaluated in this report
The cryptocurrency sector can be divided into two main categories: currencies and utility tokens. GlobalData uses empirical data and forecasting to build a full picture of cryptocurrencies. This in-depth market analysis will cover many of the popular cryptocurrencies currently used as well as forecast their place in the world in the future.
Key highlights include:
- An overview of key cryptocurrency market players
- Analysis of how cryptocurrencies reinforce need for a thematic approach to evaluation of technology and businesses
- Assessment of how blockchain and distributed ledger technology offer the potential to deliver greater impacts
- Analysis of whether cryptocurrencies represent a serious alternative to established flat currencies such as the euro, sterling and US dollar.
The report allows the reader to identify key trends in the world of cryptocurrencies over the next 12-24 months. It analyses the industry, demonstrating that there is no real way to forecast cryptocurrencies because there is currently no rational means of valuation.
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