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How does the Blockchain technology formed to underpin Bitcoin affect their future growth potential? Is this a signal to sell Bitcoin stock?

The big banks seem to be forming an unprecedented alliance. Do you think Bitcoin will survive the alliance or will they be taken down by the power of the big banks?

John Wnuk, CEO

@john10 11/08/15 This answer was first published on 11/08/15. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The Blockchain is a shared, public ledger of Bitcoin wallet transactions. It's a new system of trust based on logic vs 3rd parties (such as Brokers, Banks or Government). Bitcoin and Blockchain work together to confirm transactions. It's an innovative monetary system, that's one of the greatest achievements of the 21st century. Banks will be under the control of the Federal Reserve -- that will eventually evolve to a hybrid crypto-fiat financial structure, possible useing an Altcoin and Sidechain. This will facilitate local Banks to be on-off ramps for worldwide Bitcoin -- and improve AML/KYC effectiveness, This in NO way signals selling bitcoins. More likely it will be part of the evolution to a modern digital economy - with Bitcoin transactions part of local Bank capabilities.

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