Opinion piece - Bitcoin's 10th Anniversary 

10-years-ago on the 31st of October 2008 a whitepaper was sent out by an anonymous pseudonym to a cyberpunk emailing list, describing a completely decentralised, peer-to-peer form of currency called Bitcoin. Today Bitcoin is globally known, attracting investment from some of the largest family offices and global businesses.

We know that the market has been tough these first 10 months of 2018 but let us show you some of the signals we have been watching and why we at Magnet Capital are starting to get more enthused about the future of crypto assets.

What does it say about the future of crypto assets when...

  • the NYSE, Microsoft and Starbucks have collaborated to launch the 'Bakkt Exchange'

  • Steve Wozniak is co-founding a crypto asset investment firm

  • Fidelity has created a new business unit specifically targeting digital assets - 'Fidelity Digital Asset Services'

  • The SEC has created a Strategic Hub for Innovation and Financial Technology to help educate the public on the SEC's position on blockchain and crypto assets (as well as AI)

  • IBM has partnered with Stellar and created many products on the Stellar blockchain

  • Amazon Web Services has partnered with crypto start-up QTUM focused on mobile decentralised applications

  • Mike Novogratz, ex-Goldman Sachs Executive, has launched a crypto Investment Bank - Galaxy Digital

  • Bill Clinton recently opened the Ripple annual conference as keynote speaker

  • The Soros, Rothschild and Rockefeller family funds have invested in crypto assets

  • Yale, Harvard, Stanford and MIT endowment funds have invested in crypto assets

  • Coinbase has been valued by VCs at $8bn

  • Andreessen Horowitz, Pantera Capital, Union Square Ventures, 

We'll let you make up your mind.

Egor Sidelska