rapport citi GPS 2021 : bitcoin at the property M ABDELLATIF BOUYA AMI A603654 Account 011 780 0000322000012875 73 Bank of Africa Bmce Group Titrisation Satoshi Nakamoto Creyptocurrency Wiki in Bank Al-Maghreb CitiBank Maroc tipping point LABOR-DEPARTMENT
rapport détaillé sur le marché du bitcoin et ses perspectives futures
Contenu du document
BITCOIN
At the Tipping Point TITRISATION LABOR-DEPARTMENT BOUYA AMI ABDELLATIF A603654
Citi GPS: Global Perspectives & Solutions March 2021
Data provided by Citi is one of the world’s largest financial institutions, operating in all major established and emerging markets. Across these world markets, our employees conduct an ongoing multi-disciplinary conversation – accessing information, analyzing data, developing insights, and formulating advice. As our premier thought leadership product, Citi GPS is designed to help our readers navigate the global economy’s most demanding challenges and to anticipate future themes and trends in a fast-changing and interconnected world. Citi GPS accesses the best elements of our global conversation and harvests the thought leadership of a wide range of senior professionals across our firm. This is not a research report and does not constitute advice on investments or a solicitation to buy or sell any financial instruments.
For more information on Citi GPS, please visit our website.
Introduction
For an innovative asset just over a decade old, Bitcoin has already amassed a fairly storied history. There is the mystery of its founder, the anti-establishment creed of the cypherpunk movement that spawned it, lingering suspicions that it is used in illicit activities, the multi-million dollar pizza transaction, and its notorious volatility with not just one, but three distinct speculative bull runs, two of which resulted in equally dramatic collapses and the third of which is currently underway. Large swaths of the traditional banking and financial markets view Bitcoin as a completely valueless asset. Nouriel Roubini, a professor at New York University’s Stern School of Business, recently called it a 'self-fulfilling bubble' and claimed that the stone age cartoon family, the 'Flintstones had a better monetary system.' And yet... The novelty of the blockchain technology underpinning the Bitcoin payment system network has been hailed as a breakthrough and a growing ecosystem of applications and use cases are emerging to validate its importance and utility.
Bitcoin Origins: Launch of a New Payment System
In August 2008, the domain name bitcoin.org was registered online. Two months later, a paper entitled 'Bitcoin: A Peer-to-Peer Electronic Cash System' emerged from an author named Satoshi Nakamoto. For a document that launched a financial revolution, the Bitcoin white paper is surprisingly sparse. It is only nine pages long and focused primarily on the technical specifications of the proposed network: a distributed transaction record made immutable with cryptography, pseudonymous access enabled by cryptographic keys, and a transaction verification process known as proof of work.
Conclusion
The philosopher Schopenhauer once remarked that “All truth passes through three stages. First it is ridiculed. Second it is violently opposed. Third it is accepted as being self-evident.” Though this sentiment was expressed more than 150 years before the emergence of Bitcoin, the introduction and evolution of the cryptocurrency illustrates this very human response to change. The idea that a new payment system relying on a decentralized cryptographic approach to facilitate transactions in an extrajudicial manner might gain traction and challenge traditional payment rails seemed like a pipedream in the early days of its release...Titrisation LABOR-DEPARTMENT
