8 factors why crypto currencies are here to stay

Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com
Think tank
growth
crypto
valley
regulation
USD centric
system
won’t hold
digital
age
Burning
man
blockchain
new
business
cases
8 factors why crypto currencies are here to stay
FinTechForum.de

The cryptocurrency volume fivefold in 2019

Also the number of wallets fivefold in three years
Q3 2016
9
Q3 2019
42
in million
Q3 2017
17
Q3 2018
29

Number of crypto transactions grow slowly
350,000 BTC transactions a day
650,000 ETH transactions a day

“Users, volumes,
transactions and
number of apps
grow continuously.”
#1

Crypto Valley

Venture Capital Investments in Blockchain und Crypto
in billion USD
2014
900
2015
1,100
2017
1,500
2013
600
Sources: cointelegraph, PitchBook, Diar
2018
2,500
2016
1,300

“The crypto valley and
investments made.”
#2

„Money is central
to us. Money and
all forms of
transferring
money are our
core business.“ Burkhard Balz,
Board member of Deutsche Bundesbank
Source: CFS-Conference, 8th Mai 2019

One in 10 central banks said it was likely
to offer digital currencies.
January, 23rd 2020

The Bank of Canada, the Bank of England, the Bank of
Japan, the European Central Bank, the Sveriges
Riksbank and the Swiss National Bank, together with the
Bank for International Settlements (BIS), have created a
group to share experience as they assess the potential
cases for central bank digital currency (CBDC) in their
home jurisdictions.

Emerging cryptocurrencies regulations all over the world

Tools for
crypto-
currencies
mature

#3
“The crypto market
becomes regulated
and matures.”

America’s aggressive use of sanctions endangers the dollar’s reign

Xi Jinping and Vladimir Putin said they would expand
settlement of bilateral trade in their own currencies.

China, India and others may be
exploring a jointly run swift alternative

The international importance of the US Dollar is declining
Internationally used reserve currency US Dollar in %
1970
77.2
1980
67.2
1990
62.8
2000
70.5
2010
61.8
2018
61.7
Sources: BIZ, IWF, ECB

Elvira Nabiullina,
Governor Russia’s Central Bank
“We are gradually
moving towards a
more multi-currency
international
monetary system.”
Picture/Source: Bloomberg

INSTEX

The dollar-centric
system “won’t hold”
Mark Carney
Governor of the Bank of England

“Global financial system
moves from USD centric
to multicurrency.”
#4

Money is changing

“In the face of the digital age,
cryptocurrencies are the next
logical evolution of money.”
#5

„The only way to ultimately save
civilization will be to deprive
governments of their power over money.
The current instability of the market
economy is a consequence of the fact
that the most important regulator of the
market mechanism, money, has been
excluded from regulation by the market
process.“
"Denationalization of money“, 1976
Friedrich August von Hayek,
Nobel Prize Winner 1974

Foto: C. Nick Lynch

Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.comFoto: Jamen Percy. http://instagram.com/jamenpercy

Liberland
Serbia
Hungary
Croatia
Source: Google Maps

“Burning man
and the
desire for freedom.”
#6

Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust

Blockchain
Public ledger
Public keyPrivate key
Transaction
signed with private
key

De-centralized
Each participant has a copy of the public ledger

Paper Call Center Internet
100 Cent
1 Cent
Factor
10
10 Cent
Factor
100
Cost of a transfer
Factor
1000
Crypto
0.1 Cent

Ripple
ripple
XRP – 3rd largest crypto currency
USD 12 Bn USD market cap

Payment volume: $1.8 bn
Daily active: 79,309
Transactions/day: 18,700
Q3 / 2019

Smart Contracts
Public ledger
Transaction block with condition
condition
Example
Stocks: dividend payment
www.FrankSchwabSpeaks.com

Source: Jaguar
Data sharing
Car sharing
Battery charging
Parking ticket

“Blockchain is a disruptive
technology.
And cryptocurrencies are an
integral part of blockchain
technology.”
#7

Lidbot sends you
alerts when your
waste bin is full
IOTA-based sensor
Lidbot sold out
after a few days

“Cryptocurrencies and
blockchain enable new
business cases.”
#8

#1 “Users, volumes, transactions and number of apps grow continuously.”
#2 “The crypto valley and investments made.”
#3 “The crypto market becomes regulated and matures.”
#4 “Global financial system moves from USD centric to multicurrency.”
#5 “In the face of the digital age, cryptocurrencies are the next logical
evolution of money.”
#6 “Burning man and the desire for freedom.”
#7 “Blockchain is a disruptive technology. And cryptocurrencies are an integral
part of blockchain technology.”
#8 “Cryptocurrencies and blockchain enable new business cases.”
Summary - 8 factors why crypto currencies are here to stay

Frank@FrankSchwab.de
www.FrankSchwabSpeaks.com

Relevant sources & further reading
Charts: CoinMarketCap.com, bitinfocharts.com
Pics, 123rf.com
stateofthedapps.com
Wikipedia.com
Crypto Valley, https://www.nzz.ch/finanzen/die-fuehrenden-unternehmen-im-crypto-valley-haben-ihren-wert-
verdoppelt-ld.1504478
The Decentral Revolution, Aaron Koenig, 2019
From Bitcoin to Burning Man and beyond, Clippinger, Bollier, 2014
America’s aggressive use of sanctions endangers the dollar’s reign, The Economist,
https://www.economist.com/briefing/2020/01/18/americas-aggressive-use-of-sanctions-endangers-the-dollars-reign
Liberland, https://liberland.org/en/
BITNATION, https://tse.bitnation.co

8 factors why crypto currencies are here to stay

Recomendados

Recomendados

Más contenido relacionado

La actualidad más candente

La actualidad más candente (20)

Similar a 8 factors why crypto currencies are here to stay

Similar a 8 factors why crypto currencies are here to stay (20)

Más de Frank Schwab

Más de Frank Schwab (20)

Último

Último (20)

8 factors why crypto currencies are here to stay