06 | Alex Lightman: What’s Going on with Bitcoin & Cryptocurrency’s Main Use


So one of the questions that you might
have is what’s happening in Blockchain
Beach during the Crypto-Winter, this icy
freeze, because Bitcoin has been falling
and falling and falling, from a peak of
around $20,000 to around $3,300. So
Crypto-Winter is setting up a
chill in the funding so ICO market has
collapsed, the market for utility coins
has collapsed, the market for security
coins really hasn’t gotten started.
There’s a whole lot of uncertainty
around Tether and other stable coins, but
blockchain beach still rocks on because
people are in it for the right reasons.
They’re in it because they want to make
the world a better place, and they know
that the biggest leverage that you have
to make the world a better place is
through mobile phones. There are only 30
to 50 million people who own crypto, but
there are eight billion mobile phone
subscriptions. So by getting everything
for new banking and so that you can buy,
sell, borrow, loan, or swap anything
through mobile phones through crypto you
can have a trust machine. You can
actually have secure digital good
trading online. And that’s what we’re
doing here in this area so Crypto-Winter
is not affecting us here at Blockchain
Beach.

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