In the article published in Bitcoin Insider, Prof. A Seetharaman, (Professor & Dean, Research, SP Jain School of Global Management), discusses the growing influence of Bitcoin in technological advancements and the evolving landscape of global finance potential. It also emphasises the disruption caused by Bitcoin, which is poised to challenge traditional fiat currencies like the USD.
In the article, Dr Seetharaman highlights how, despite the complex technology behind Bitcoin, involving cryptographic schemes, there is an acceptance of Bitcoin in high-profile online retail and significant venture capital investments in Bitcoin-related startups.
He adds, “Not only will Bitcoin revolutionise the way payments are made, but also has the potential to impact the future of world currencies like USD, which is already facing challenges from EURO or Chinese Yuan Renminbi (CNY). The rise of cryptocurrencies will add a new dimension to this challenge for US Dollar (USD)”.
To read the full article, please click here.