Blockchain Investor Analysis

Bitcoin

Bitcoin

BTC
Current Price $9,799.85 (+1.95%)
Bitcoin is the world's first and leading decentralized digital currency that started the blockchain revolution. In this report, you will find an analysis of the largest digital asset by market capitalization.

Our Rating:

Market

Problem that it solves

Bitcoin was created to enable anyone in the world to store, send and receive funds without the need for a financial intermediary.

Customers

Bitcoin can be used by investors as an asset class, by retailers and merchant as a payment method, and by individuals as a form of alternative money.

Value creation

Bitcoin holds intrinsic value due to a few of its unique properties. First, it's decentralized. Bitcoin is not controlled by any entity and will forever operate for and by the people. Bitcoin also offers a certain level of privacy for all transactions. Payments occur on the blockchain, providing a safe and secure means of transaction.

Market structure

The market structure for Bitcoin is often a topic of debate. No matter your stance, Bitcoin clearly has the most mature market of any coin. Individuals and businesses have been discovering use cases for Bitcoin since its early years.

Market size

Bitcoin, without question, has the largest market of any digital currency. Although it has plenty of competition from neighboring altcoins, Bitcoin has continued to hold its position at the top.

Regulatory risks

Bitcoin has faced regulatory risks for the past decade. However, it's decentralized model makes Bitcoin difficult to regulate.

Average Market Score

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Competitive Advantage

Technology/blockchain platform

Bitcoin operates on the longest-running, most well-known and most secure blockchain network.

Lead time advantage

Bitcoin has the strongest lead time advantage of all digital assets as it was the first.

Contacts and networks

Bitcoin does not have a 'team' to network and make connections, but it does have a well-developed network of coders who maintain and update the network as needed.

Average Competitive Advantage Score

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Management Team

Entrepreneurial Team

The Bitcoin network is maintained by a group of volunteer coders as well as an open network of inspired and dedicated users across the globe.

Industry/technical experience

Bitcoin's sophisticated group of volunteer coders work together to run the blockchain network. They have successfully maintained the network for years.

Integrity

The volunteers working on Bitcoin operate on a decentralized basis, using the votes of other nodes to help make decisions when updating the network. It is about as democratic of a system as one will find.

Average Management Team Score

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Token Mechanics

Token required

Bitcoin's blockchain is the fundamental reason the digital currency has garnered so much popularity and value.

Value added

It's by no means a 'copycat' token, but Bitcoin no longer offers the unique advantages it once did because of the rise of altcoins. Thousands of altcoins now have better TPS and higher quality platforms for building decentralized apps. Having said that, Bitcoin is still the original cryptocurrency and both the token and blockchain hold equal levels of importance.

Decentralized

Bitcoin has a high level of decentralization.

Token supply

Bitcoin has a maximum token supply of 21 million.

Public exchange

Bitcoin can be traded on effectively all digital asset exchanges across the globe.

MVP

Bitcoin has existed since 2009.

Average Token Mechanics Score

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User Adoption

Technical difficulty

Bitcoin has one of the simpler blockchain protocols since it was the first to actually exist. It's also one of the easiest coins to use for transactions because so many vendors, apps, and retailers have integrated it as a form of payment.

Halo Effect

Arguably, Bitcoin has its own halo effect as it is the world's first decentralized digital currency and the strongest brand in the digital asset markets.

Buzz

Bitcoin is the most talked about digital asset by far. In fact, Bitcoin is mentioned on social media every three seconds.

Average User Adoption Score

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Overall Score

Weighted Average of the five section scores above

Blockchain Investor Analysis

It should come as no surprise that bitcoin rates very high on our Blockchain Investor Scorecard. The world's first cryptocurrency has stood the test of time and has established itself as the gold standard of the digital asset markets.

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