Bitcoin and other cryptocurrencies will disintermediate the investment banking services now provided mainly by the five largest Wall Street investment banks, namely JP Morgan, Goldman Sachs, Morgan Stanley, Bank of America and Citigroup as companies will be able to issue their own cryptocurrencies connected with a certain project or cash flows.
In addition, venture capital funds will also lose their positions as the main financiers for young, predominantly technology firms. As these tech startups will be able more easily and at a lower cost to finance their projects and endeavours.
The above developments, of course, will foster the creation of new finance and investment banking startups, many having Bitcoin, cryptocurrencies and blockchain at their core.
In short, a new golden age for financial entrepreneurship is slowly emerging.
And finance and technology, hand in hand will lead to new welfare creation throughout the world and foster a more just, fair and affluent society.
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