Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
next wave of bullish bullshit
https://bonnerandpartners.com/what-a-nasdaq-vp-told-me-about-the-future-of-cryptocurrencies/
How does using the blockchain to securely store data about security ownership have any affect on the value of a bitcoin? The value of these securities is not being injected into market cap of bitcoin or backed by bitcoin tokens. They are completely separate things that hold value on their own and hashing them on the blockchain is irrelevant. Securities are backed by brick and mortar companies and company assets and employees and speculation etc and are not backed by a monetary system or a data system. Saying they would make bitcoin worth $10T is like saying that the server's hard drive at NASDAQ is worth $10T. The only thing that would raise value is the extra transaction volume and fees in all the micro transactions needed to maintain a ledger.https://bonnerandpartners.com/what-a-nasdaq-vp-told-me-about-the-future-of-cryptocurrencies/
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Security tokens are regulated financial securities like traditional stocks and bonds that provide token-holders with ownership interests in the underlying company or asset.
Security tokens will be the third wave of the blockchain boom and they will make the first two waves look tiny by comparison.
One executive I spoke with expects security tokens to bring 10% of global GDP roughly $8 trillion into the blockchain ecosystem by 2024. That represents growth of 28X.
And Bruce Fenton founding member of The Bitcoin Foundation ...
Security tokens will be the third wave of the blockchain boom and they will make the first two waves look tiny by comparison.
One executive I spoke with expects security tokens to bring 10% of global GDP roughly $8 trillion into the blockchain ecosystem by 2024. That represents growth of 28X.
And Bruce Fenton founding member of The Bitcoin Foundation ...