Topic: Critical Thinking in Business
Description:
Critical evaluation of a business case:
Case #1 – Bitcoin and the future of traditional monetary systems
Context:
Bitcoin is a virtual monetary system that works without a central bank, is based on digital tokens without intrinsic value, and relies on a system of trust of users recording transactions on a publicly-available ledger. Major retailers are now accepting Bitcoin in exchange for physical goods purchased online, and its legitimacy as a currency has been recognised by authorities worldwide.
Questions:
Evaluate the opportunities and/or threats Bitcoin presents to traditional monetary systems.
How might the regulation of the Bitcoin market have to change, if the use of Bitcoin becomes more widespread?