If you’ve ever dealt with the trading desk at a large bank or spoken with large hedge funds that manage $ billions, they require speed of transaction. Imagine if NASDAQ showed you stock quotes from 20 minutes ago…at one time they did, unless you had a multi-million fund and traders plugged into the exchange.
So how valuable will Bitcoin be or any of the others shown above when it comes to the actual APPLICATION of digital currency? What bank wants to wait 45 minutes to settle a transaction? I think you know the answer.
Speed, scale and cost. XRP owns all three of the needed aspects for real-world finance.
Yes, the others will likely pop on news and hype and even application. But I’m not impressed yet with their potential. As always, these are my opinions and not investment advice.
A final note. Crypto currencies are still a fraction of fiat currency in terms of circulating market value. I think this will change on a massive scale in the next 5 years. Thinking of doing a crypto currency fund, $5m…hmmm.
Enjoy the holidays and your loved ones.
p.s. share this with a friend if you think they’d enjoy it…