Discussion Post
Satoshi Nakamoto, the supposed founder of Bitcoin, asks you to consult him on how new entrant Bitcoin can increase its power as a medium of exchange in the United States. Using the Porter Five Forces Model, provide two ways on how Bitcoin can increase its power as a medium of exchange vs other established means of payment or means of transaction in the US. What parties are involved, what actions must occur in what order, and what do you recommend for Bitcoin to increase its power? Provide one paragraph on the minimum for each way in which Bitcoin can increase its power (eg two paragraphs total on the minimum).
The response must include a reference list. One-inch margins, double-space, Using Times New Roman 12 pnt font and APA style of writing and citations.