The Future of Bitcoin; the Opportunity and Obstacles - Seite 2

The early mission of The Digital Currency Council was to set a common standard of understanding amongst professionals and help those professionals achieve that standard. Today, our over 1500 members across 90 countries are using the knowledge they've gained to build various exciting businesses and streamline existing business processes. Our software is integral to these more complex efforts.

Q: Investorideas.com
With a primary focus of education, what kind of individuals and companies are you seeing come forward to understand Bitcoin and what percentage of the financial community at large do you think is getting involved now?

A: David Berger, Founder and CEO, Digital Currency Council (DCC)
We are at the very beginning. Most individuals and firms have a very limited understanding. Our work with these individuals and firms begins with general competency training. These general competencies are sufficient to ensure that a firm is aware of the opportunities and risks. Our customized software solutions help those firms that recognize an opportunity to capitalize.

Q: Investorideas.com
What do you see as the primary obstacles to the acceptance of digital currency?

A: David Berger, Founder and CEO, Digital Currency Council (DCC)
It's important that we ensure that bad actors don't hijack this groundbreaking technology. The general public will accept and adopt technologies that make their lives better but only if they trust that the risk doesn't outweigh the benefit.

Q: Investorideas.com
What do you see for Bitcoin within the next year and over the next 5 years?

A: David Berger, Founder and CEO, Digital Currency Council (DCC)
The next five years will bring increased integration, complexity, and utility. Bitcoin will become so easy to use that you won't even realize you're using it.

Brad Moynes
Q: Investorideas.com
What do you think was the turning point for making Wall Street and the financial institutions take notice and want to participate in Bitcoin?

A: Mr. Brad Moynes, President of Bit-X Financial Corp.
The opportunity to develop technology that could make financial institutions including stock exchanges, broker-dealers, banks, transfer agencies and the DTC more efficient and less costly to reporting issuers, investors and consumers would be considered by Wall Street as a really good thing. The fact that DNCT (blockchain) technology has the potential to achieve this and that many of these institutions have already invested considerable capital into the technology at the fastest rate to date, suggests that the turning point has already occurred. In addition, the recent announcement that the NYDFS has released the final version of its long-awaited regulatory framework for digital currency companies shall provide clarity to the industry as a whole and ease concern regarding over-regulation and the threat of stifling growth and innovation.