2018-7-6 20:30 |
Analysts for Bernstein contended in a report published Friday that the cryptocurrency ecosystem is developing an alternative to Wall Street.
The report argues that the blockchain industry is setting up “parallel financial networks” that exist as alternatives to incumbent systems in operation today.
Crypto markets build and destroy fortunes every day.”
It continued, saying “to start with bitcoin is the first global, digital, non-state/non-central entity controlled, financial asset with 24 * 7 market-based prices.
Bernstein also cited ethereum’s ERC-20 token and its use in token sales as “the killer application” for the network.
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