Bitcoin Harvard Case Solution & Analysis
At the start, bitcoin did not have prominency in trading, but within the three years of its existing in 2013, it evolved as a viable cryptocurrency, which pose challenges to various regulators, including U.S. Federal Reserve and provide the opportunity to new ventures and entrepreneurs. In mid 2010, it had a value of only $0.05 but till the end of 2013, it marked a value of $1000 that compelled some people to assume it the 21st century version of Tulipmania while for some it is a much better alternative of fiat currencies. Bitcoin helped in the emergence of various struggling cryptocurrencies, the development of legitimate and grey market entrepreneurs looking to exploit the benefit of the currency,and the establishment of a foundation to promote its interests. Regulators showed the concern on the position of bitcoin as a currency across the world, and hackers have already targeted the service providers for their own benefit, like Mt. Gox, a bitcoin exchange platform. By examining the current evolution of bitcoin, what would be the upcoming situation for it?
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