Indias Crypto Bulls Roadshow, a nonprofit initiative to prepare India for the next bull run, is coming up, and government organizations are joining the drive. Currently, 15 cities in India are planned for but more may be added based on demand. There is no fee to participate in the roadshow and there will be online voting for top influencers of the Indian crypto ecosystem.

Also read: Bitcoin Legal in India Exchanges Resume INR Banking Service After Supreme Court Verdict Allows Cryptocurrency

Indias Crypto Bulls Roadshow is a nonprofit initiative by Kumar Gaurav, CEO of crypto banking platform Cashaa, and Gaurav Dubey, CEO of blockchain investment advisory firm O1ex. Cashaa launched its Indian operations in October last year. O1ex, a Dubai-headquartered company with IT operations based out of Kanpur, India, will be the sponsor of the roadshow.

The event aims to educate Indian crypto users about real blockchain technology to prepare India for the next bull run, the roadshow website details, adding that it will showcase crypto projects, create public awareness, and build a strong Indian crypto community. The website continues:

Now, its time to prepare India for the next bull run and show the world that India is not less than the USA or China.

Cashaas Gaurav shared with news.Bitcoin.com that the roadshow is an initiative to bring back the Indian crypto industry together after the huge damage, due to the banking restriction imposed by the central bank.

The roadshow document describes: In the recent supreme court hearing, it became clear that crypto is not illegal in India. It was nearly two years ago that the Reserve Bank of India clamped down on a fast-growing market for cryptocurrencies in the country. That impacted the cash on-ramp for the crypto market in India even though there is no legal ban on their use in the country. The Supreme Court of India quashed the RBI ban on the crypto industry on Wednesday.

Cashaas CEO added:

Many government organizations such as law enforcement (police) and municipal corporations are also joining this drive, to educate citizens about the bitcoin and bring awareness to protect people from scams crypto. After the holiday (12/03/2020) we are expecting huge participation from the other organization and regulators such as Income Tax, SEBI to be part of this program.

The current plan is for the roadshow to start on April 3 and run through April 26. But due to current excitement in India, we might add a few more cities during the roadshow, due to which it may last up to 30th April, Gaurav revealed to news.Bitcoin.com, elaborating:

Due to the supreme court verdict, the revolution has grown up and bitcoin community managers and evangelists from many different cities have joined it, so far we have added Chennai, Visakhapatnam, Bhubaneswar, Kolkata, Patna, Kanpur, covering total 7,000 Kms. The start date will be 3rd April.

The 15 cities planned for so far are Delhi, Jaipur, Udaipur, Ahmedabad, Surat, Mumbai, Pune, Hyderabad, Bengaluru, Chennai, Visakhapatnam, Bhubaneswar, Kolkata, Patna, and Kanpur.

Prior to the actual roadshow, there will be meetings with all the exchanges and projects participating in the event. The chain of meetups, meetings with the local governments, large enterprises, and sessions at the top accelerators with 500 plus startups will create an everlasting ripple effect across the nation, the roadshow website notes.

The current roadshow timetable is as follows:New Delhi April 3 and 4 (2 events in North and South Delhi),Jaipur April 5Udaipur April 7Ahmedabad April 8Surat April 9Mumbai April 10 and 11Pune April 12 and 13Hyderabad April 15, andBangalore April 17

Crypto projects, influencers, event organizers, traders, and investors from around the world are invited to participate in the roadshow. Attendees will soon be able to select the city and register for the event on the Crypto Bulls Roadshow website (Cryptobulls.in), Gaurav confirmed, noting:

There is no fee unlike any other events in India for participants. The India Crypto Bulls will be a pure crypto event with a focus on the adoption of the public chain.

As part of the event, there will be Online voting to pick the best exchange, best blockchain project and Indian influencer, Gaurav further said. Winner of each category will receive the award at the Gala dinner at the end of the roadshow (venue will be announced by 30th March) and represent India in New York, the USA on 12th May as a speaker at Consensus 2020 in the India Crypto Bulls segment on stage. He added that online voting will start on March 16 and will continue to the end of the roadshow but nominations are open now.

What do you think of this India Crypto Bulls Roadshow? Do you want to participate? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Images courtesy of Shutterstock, Cashaa, and India Crypto Bulls Roadshow.

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A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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Crypto Bulls Roadshow Coming to Over 15 Indian Cities With Government Participation - Bitcoin News

Mar 8, 2020 09:48 UTC

| Updated:

Mar 8, 2020 at 09:48 UTC

By Rajat Gaur

Bitcoin is believed to be the first ever cryptocurrency to be introduced and hold the leadership of the entire crypto market. Bitcoin was first curated in 2008 by pseudonymous Satoshi Nakamoto. It was known to be a decentralized and disruptive cryptocurrency that was developed to release the threads of several digital currencies that came before it including double-spending and removing the necessity for a central authority.

Despite its plans to replace all fiat currencies on earth and accounted for the title of global currency used across the world. The only technology is recognized ten years old and requires second-layer technologies to stay ahead of the competition.

Bitcoin is comparatively slow to any of the crypto space, and mostly serves the need for a store of value or means of value transfer.

The very next largest crypto asset, Ethereum provides a variety of attributes comparatively more advanced of what Bitcoin offers. At present, there are thousands of altcoins in the cryptocurrency market and every altcoin offer different than the other. The emerging asset class has introduced the most effective CEO in the crypto market to be skeptical of Bitcoins future.

Check Tweet Here

During the tweet battle, Armstrong posted about how the early internet developed, and how it can be made better with advanced protocols. It is these advances that can improve the internet for the users.

In the very next tweet, Armstrong concludes with a statement that there are many more to introduce which blockchain will project crypto adoption from 50 million users to 5 million. The Coinbase CEO also believes that the blockchain manages to improve privacy, developer tool solutions, scalability, and decentralized identity.

Bitcoin has already registered as a first-mover advantage and brand recognition, and while these features can be layered over the Bitcoin protocol, the technology behind the first-ever cryptocurrency is lacking as compared to other altcoins in the crypto space.

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Skeptical of Bitcoin Believes to be the Most Powerful CEO - BTC Wires

F2Pool can be described as the worlds leading cryptocurrency mining pool for several leading cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. F2Pool is the oldest mining pool and is based in China; presently it is the largest multi-currency mining pool around the world. F2Pool mines around 17% of all the blocks. F2Pool serves more than 100 countries and it is ranked as top 3 mining pool operator by more than 20 networks. They have played an important part in securing the blockchain infrastructure and educating the global community concerning cryptocurrency mining.

Handshake, a 10.2 million dollar decentralized domain name project, is supported by popular investors which include Sequoia Capital, SV Angel, and Andreessen Horowitz. The handshake can be described as a permissionless, decentralized naming protocol where every counterpart validates and takes charge of managing the root DNS naming zone; with the end goal of developing an alternative to the present naming systems and certificate authorities.

On 5th February, KDA (Kadena) was officially launched in the F2Pool. KDA is a public blockchain with the high-performance PoW (Proof-of-work) system that includes the benefits of ChainWeb technology. Moreover, the KDA platform integrates private blockchains, public apps and several other well-matched blockchains in one place. Furthermore, KDA is a token that is utilized as compensation for miners. It is a fee that the user pays for adding the transactions in the block.

F2 is a leading mining pool, has an association of miners, where every miner contributes to the power of the computer to detect the blocks. There are more than 2 million users active in the pool, where 50% are Chinese users. Also, the reward for mining is that the users will get a reward of 3% for using the F2Pool. Succinctly, this is the exclusive pool operating for P2P payments. The withdrawal fees in the F2Pool do not go beyond 4% and it also pays daily, which are subsequently sent to F2Pools wallet.

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F2Pool: an Introduction to the Renowned Mining Pool - CryptoNewsZ

Jill Carlson, a CoinDesk columnist, is co-founder of the Open Money Initiative, a non-profit research organization working to guarantee the right to a free and open financial system. She is also an investor in early stage startups with Slow Ventures.

People think I got into bitcoin (BTC) because I have a high risk tolerance.

Actually, I got in because I have a low risk tolerance for worst-case scenarios.

Bitcoin is often touted as a risky bet. It is nascent. It has only been around for about a decade. It is poorly understood by mass markets. It is an experiment. It could still fail. All of these claims are true. In many ways, the risk profile of bitcoin resembles that of an early stage startup. Bitcoin appears to be hovering between the trough of disillusionment and the slope of enlightenment. This means that most people continue to view cryptocurrency as kind of crazy. Its a gamble.

These dynamics mean that investors often bucket bitcoin as a risk asset. It gets put in the same category as high-growth stocks, high-yield debt, high-beta exchange-traded funds, venture capital investments and emerging markets.

Markets broadly have two modes: risk-on and risk-off. In risk-on scenarios, when markets are confident and things are moving higher, risk assets tend to outperform safe havens. When the markets are risk-off, safe-haven assets like gold, treasury bonds and cash fare better, and are often the only investments trading higher as investors sell out of their riskier positions.

Whether a financial product is a risk asset or a safe haven depends on a number of properties. In some cases it depends on the fundamentals of the asset. Share price is a reflection of the projected future cash flows of the business, which in turn depend on dynamics like customer demand. The dynamics can make companies more or less subject to movements of the markets. In other cases, the categorization of a given asset might depend on supply and demand dynamics. Gold, with its relatively fixed supply and consistent demand from entities like central banks, is resilient to market cycles and downward shocks. In all cases, however, I would argue that what matters most in understanding asset correlations and behavior is market perception. Do traders and investors view the asset as a good place to hunker down in volatile markets? Or do market participants view the investment as vulnerable to the downside, but also prime to participate in boom cycles?

The markets certainly still seem to view bitcoin as the latter. And as far as the price of bitcoin is concerned, and as far as any market correlations are concerned, that perception is all that matters.

This perception misses bitcoins most important properties. Bitcoin is, in many ways, the ultimate safe haven asset. It can be self-custodied, so even when systems of trust and rule of law breaks down, it can be held. It is open and borderless, with relatively liquid markets in every country in the world. It is censorship-resistant, meaning no government nor institution can, practically speaking, prevent investment or transaction in bitcoin. Bitcoin has a fixed supply, much like gold. Bitcoin is digital, which makes it practical to hoard, hold and transport. For doomsday preppers, dystopian sci-fi fans and apocalypse predictors, there is a lot to like about bitcoin.

Yet, if we look at the behavior of the bitcoin price over the last couple of weeks, as concerns over a global pandemic have ramped up, it is clear that bitcoin continues to behave more like a high-risk investment than like the safe haven which it promises to be.

Do the markets have it wrong? Should bitcoin be more correlated with gold than with Apple stock? Maybe. But as John Maynard Keynes put it, The markets can stay irrational longer than you can stay solvent. The road to having bitcoin understood and viewed as a safe haven is a long one, demanding deep investment in education. What matters is the narrative around the asset, and right now the narrative around bitcoin is that it is an early-stage, high-risk bet. As far as the markets are concerned, that perception is reality.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Excerpt from:
Stop Treating Bitcoin as Risky. It's a Safer Asset Than Most - CoinDesk - CoinDesk

As global equity markets continue to get pummeled, bitcoins return to the $9,000 level may have been driven by some of the same forces causing a rally in bonds a desire for respite from a coronavirus-plagued markets.

After sharp gains in price Thursday, bitcoin (BTC) has been trading steadily in a range between $9,000 and $9,200. For the past 24 hours, bitcoin's price change has been minimal, down half a percent as of 18:00 UTC (1 p.m. ET).

Traders see bitcoins jump back into the $9,000 range as another sign bitcoin is trending upward in 2020 while traditional markets stumble. Year to date, bitcoin is up over 26 percent while the S&P 500 stock index is down 9 percent. Cryptocurrency sentiment appears bullish as prices remain above significant moving averages.

Although traders seem to be open to viewingthe cryptocurrency markets as a safe haven from stock market turmoil, more volatility is possible ahead of Mays halving, an event that will slash in half the reward bitcoin miners obtain.

It's a relief rally. In my opinion, we have a likelihood of sweeping another low before the post-halvening rally, said Mostafa Al-Mashita of Canadian crypto brokerage firm Secure Digital Markets.

I believe gold and BTC are safe havens, said Henrik Kugelberg, a Sweden-based crypto OTC trader. As coronavirus has just started to spread, I believe a strong market will last well until the halving will have effect. To me it seems plausible that we can hit an all-time high this year, perhaps within six months.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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Bitcoin's $9,000 Price Stays Steady as Sentiment Stays Positive - CoinDesk - CoinDesk

Twitter cofounder and chief executive Jack Dorsey is one of the biggest bitcoin cheerleaders in Silicon ValleyDorsey "loves" bitcoin.

The bitcoin and cryptocurrency community was worried by news last week the powerful Wall Street activist investor Elliott Management has bought $1 billion worth of Twitter stock and is working to oust Dorsey from the company he helped build.

However, while bitcoin fans might cheer Twitter's recent addition of a bitcoin emoji, Dorsey could do much more for bitcoin and crypto without having to worry about running one of the world's biggest social media sitesperhaps sending the bitcoin price to the moon.

Jack Dorsey runs both the micro-blogging platform Twitter and payments company Square. Square has ... [+] recently set up a bitcoin and cryptocurrency division to help develop crypto products.

The New York-based hedge fund Elliott Management is led by Republican-supporting billionaire Paul Singer, who once described bitcoin and cryptocurrencies as "one of the most brilliant scams in history."

But if Singer gets his way at Twitter it's unlikely the bitcoin and crypto industry would be significantly effectedElliott Management is far more concerned with Twitter's share price performance, how it deals with major world events like the spread of the coronavirus and the up-coming U.S. election, and ongoing accusations of political bias at the company.

Meanwhile, Dorsey would be free to commit his time and considerable resources to the other company he leads: the payments giant Squarealong with its newly created cryptocurrency division and its bitcoin-buying sensation Cash App.

Square's Cash App garneredalmost half its revenuefrom bitcoin in the last quarter of 2019, earning bitcoin revenue of $178 million between the start of October and the end of December, with gross profits of $3 millionup 50% over the prior two quarters.

Meanwhile, Square Crypto, the bitcoin development unit of Square, this week awarded grants to two bitcoin developers, allowing them to work full-time on open-source projects that benefit the bitcoin network.

In January, Square Crypto released a Lightning Development Kit to aid the growth of bitcoin's Lightning Network, a second-layer technology that could help bitcoin scale by enabling small payments to happen away from bitcoin's blockchain.

"Square Crypto is focusing on Lightning," Dorsey said viaTwitter.

Dorsey's growing interest in bitcoin and cryptocurrencies has, however, caused him problems.

Dorsey attracted criticism from Twitter and Square investors last year when he promised to spend from three to six months in Africa to explore cryptocurrency opportunities in 2020.

"Sad to be leaving [Africa]... for now," Dorsey said viaTwitter. "Africa will define the future (especially the bitcoin one!). Not sure where yet, but I'll be living here for 3-6 months mid-2020."

Interest in bitcoin and crypto from some of the world's biggest technology companies sent the ... [+] bitcoin price sharply higher last year.

Last year, the bitcoin price soared due to interest in bitcoin and crypto from technology giants including social media giant Facebook and iPhone-maker Applerising to highs of around $14,000 per bitcoin before faltering in the face of fierce regulatory scrutiny.

Facebook's plans for what it had hoped would be a bitcoin-beating private cryptocurrency, libra, have become derailedleaving bitcoin, the original and by far most valuable cryptocurrency, the front runner for what Dorsey has said could be the "internet's first currency."

Dorsey's support for bitcoin during his leadership of Twitter has been good for crypto's imagebut it's Square, not Twitter, that will make bitcoin mainstream.

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Bitcoin Could Moon If Jack Dorsey Is Ousted From Twitter - Forbes

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Bitcoin (BTC) is flashing green on Monday, having suffered a double-digit price drop last week.

The top cryptocurrency is currently trading over $8,740, representing a 1.9 percent gain on a 24-hour basis, according to CoinDesks Bitcoin Price Index.

The news will be welcomed by bitcoin's bulls, as prices fell by 13 percent in the seven days to March 1, registering the biggest weekly loss since the third week of November. Back then, the cryptocurrency dropped by 18.7 percent over the same period.

Equity markets across the globe also fell sharply last week as investors shunned risk on fears the coronavirus pandemic will cause a serious slowdown in the global economy.

The S&P 500, Wall Streets benchmark stock index, fell for the seventh straight day on Friday. The sell-off wiped out five months of the rally from 2,855 to 3,393.Even so, the index outperformed bitcoin on a weekly basis with an 11 percent drop.

Despite last week's drop, bitcoin is still outperforming both gold and the S&P 500 on a year-to-date basis with 20 percent gains. Meanwhile, ethereums ether (ETH) token, the second-largest cryptocurrency by market value, has rallied 74 percent so far this year.

Liquidity source?

Bitcoin fell last week as investors liquidated their holdings to fund margin calls triggered by the stock market crash, according to billionaire investor and Galaxy Digital founder Micheal Novogratz.

A margin call occurs when the value of the investors leverage account drops below the minimum margin requirement. The investor is then required to bring in additional capital or securities to build back the account up to the minimum margin requirement.

Essentially, Novogratz thinks bitcoin served as a source of liquidity last week, having apparently found a role as a safe haven in January when prices rose by 30 percent amid the U.S. Iran tensions and the beginnings of the coronavirus outbreak in China.

Currently, there is no evidence to prove that margin call-related selling fueled bitcoins price drop. That possibility, however, cannot be ruled out altogether, as perceived safe havens like gold are often used as source of liquidity.

Gold, a classic anti-risk asset, fell by 4 percent last week also the biggest weekly loss since November reportedly due to margin calls.

At press time, the metal is changing hands at $1,610 per ounce up 3 percent from Fridays low of $1,563.

As bitcoin also gains ground, the bulls need a close above Sundays high to maintain the rally.

Daily chart

Bitcoin created a doji candle on Sunday, signaling seller exhaustion. A UTC close above Sundays high of $8,756 would validate the doji candle and confirm an end of the pullback from the recent highs above $10,500.

A bullish close could bring additional gains towards the former support-turned-resistance of the head-and-shoulders neckline at $9,500.

Alternatively, if prices find acceptance under Sundays low of $8,410, a bearish doji continuation pattern would be confirmed and a deeper drop to $8,213 (Feb. 24 low) and possibly to $8,000 may be seen.

Disclosure:The author holds no cryptocurrency at the time of writing.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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Bitcoin Rallies After Biggest Weekly Drop Since November - CoinDesk - Coindesk

Michael Novogratz, CEO & Founder, Galaxy Digital

Julie Cooling, Founder & CEO,RIA Channelinterviewed Michael Novogratz, CEO and Founder ofGalaxy Digital, a merchant bank dedicated to digital assets and blockchain technology. In 2018, Galaxy launched the Bloomberg Galaxy Crypto Index (BGCI), an index set to track the performance of the larger, liquid cryptocurrencies such as bitcoin, Ethereum, and XRP. Galaxy recently launched the Galaxy Bitcoin Funds, which provide simple and secure bitcoin exposure for institutional and accredited investors. They currently manage over $350 million in assets.

Blockchain is a proven technology of peer-to-peer networks actively used today by some of the largest institutions in the world to digitize their businesses and improve efficiencies. In order to transact within a decentralized environment via any blockchain technology, cryptocurrencies are required. Many cryptocurrencies are used as a means of exchange, while bitcoin is widely regarded as a store of value and an alternative to other hard assets such as gold. The IRS classifies cryptocurrencies as assets, and its perfectly legal to use bitcoin to transact business.

As more and more mainstream companies embrace digital assets and invest in infrastructure to support it, the overall system should become safer and company values within this asset class should increase. Fidelity now offers custody of cryptocurrencies, for example. Facebook recently announced Libra, a new cryptocurrency set to release in 2020 to facilitate global payments and empower consumers with low cost, easily accessible capital. Some investors are concerned about the recent volatility of bitcoin and the overall value of digital currencies. Warren Buffett has been quite outspoken on his disdain for cryptocurrencies, calling them an elusion, and claiming he will never invest bitcoin.

While skeptics sideline their investments, Novogratz points to younger generations that maintain a higher comfort level in the digital ecosystem and who are actively investing in bitcoin, blockchain companies, and modern payment platforms. Novogratz further points to the asset class as a whole as being non-correlated with equity and bond markets, adding diversity to portfolios and thus lowering overall portfolio risk. A macro hedging expert, Novogratz is no stranger to risk, and considers bitcoin and the entire digital assets universe an opportunity with many unknowns. As investor education, transparency, custody and access points improve, Novogratz plans to participate by investing methodically and wants to bring his investors along with him.

For more information on Galaxy Digital, watch the recent RIA Channel webcast:Diversifying with Digital Assets.

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Novogratz On Bitcoin & Beyond: Redefining The Digital Assets Ecosystem - Forbes

The Bank of England governor-designate earned himself a place in Bitcoiners hall of shame alongside Peter Schiff and Warren Buffett. Bitcoin has no intrinsic value, he said. Anyone who wants to buy it should be prepared to lose all your money. Yet, amid weak forex markets and a global contagion, BTC is holding its own. Heres why you should hold Bitcoin over government fiat.

As the coronavirus brings Chinas economy to its knees and causes global stock markets to fall, Donald Trump urges the Fed for more quantitive easing.

While Chairman Jerome Powell stands by the policy saying in no sense this is QE!, we all know what happens when governments print money at will.

Just take a look at the purchasing power of the U.S. dollar over the last 100 years. If you had a $100 bill in 1900, that would be worth around $3.48 today. Your $10,000 would only leave you with $348. Thats a 96.4% decrease in its buying power.

Bitcoins purchasing power on the other hand, with its built-in scarcity and limited supply, will not erode, but increase over time. This makes bitcoin a far superior store of value when compared to government fiat.

As the world braces for the next global economic recession, it pays to remember that this time around you have a choice. Bitcoin emerged as a response to the 2008 financial crisis in which excessive risk-taking by banks caused global economic dismay and widespread government bail-outs at the taxpayers expense.

If youre holding government fiat and the banks begin to collapse one by one, do you have a guarantee of being able to access your savings? No one can seize your bitcoin or initiate irresponsible monetary policies to control its price.

Unlike fiat, it also has an excellent chance of yielding a dramatic rate of return when compared to 0.01% in your savings account.

When faced with statistics like these, the Bank of England governor-designate doesnt have a leg to stand on. In fact, if youre holding government fiat now, it looks far more likely that you will lose all your money over time.

Do you think bitcoin is a better bet than government fiat? Let us know your thoughts in the comments below!

Images via Shutterstock, Twitter: @MMcrypto, @cz_binance, ObservationsAndNotes

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Op-Ed: Why You Should Hold Bitcoin Over Government Fiat? - Bitcoinist

Brian Armstrong, CEO of digital currency exchange Coinbase, says Bitcoin (BTC) may be surpassed by other digital coins as the crypto industry evolves into maturity.

In a series of tweets, Armstrong highlights the parallels between the early internet and cryptocurrency. He says challenges that early internet developers faced are comparable to those that hound todays young crypto industry.

At Netscape, they were working with early internet protocols. Things werent very scalable (dial up modems), you had to be somewhat technical to figure out how to get online, and early websites were pretty basic (static sites, looked like toys).

Sound familiar to crypto at all??

They figured theyd try making a shopping cart (see if they could build a first party app).

There was no way to save state or create a session (for instance, to make a shopping cart), so they created the concept of cookies.

Then, next problem was that nobody wanted to put a credit card into the internet, because everything plain text over http. So they went and invented SSL/HTTPS.

Armstrong says that just as early internet users came up with better web tools, the 11-year-old crypto industry is also gearing up toward new solutions.

Slow internet speeds/dial up models reflect early challenges in scaling blockchains.

SSL and HTTPs are similar to some of the privacy coin efforts.

Based on the parallels of the two industries, Armstrong cites the features that digital coins need for the crypto industry to reachmass adoption.

For me, the biggest areas of development I see that I think we need to get right as an industry are: 1. Scalability we need blockchains that can get to at least thousands of TPS to get mainstream adoption of crypto (similar to broadband internet being a big unlock on the web)

2. Privacy perhaps a contrarian view, but I think well need privacy coins, just like we needed HTTPS as the default on the web, for many use cases in crypto long term. Everyone deserves access to financial services, and financial privacy.

Transaction scalability and privacy are two features that Bitcoin currently lacks. Because of these deficiencies, Armstrong says there is ultimately an opportunity for an altcoin to become the dominant crypto asset in the future.

Featured Image: Shutterstock/Proxima Studio

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Coinbase CEO Says Bitcoin (BTC) May Lose Cryptocurrency Race to Altcoins Heres Why - The Daily Hodl