The Blockchain Will Do to Banks and Law Firms What the Internet Did to Media

……Similarly, many view blockchain technology and fintech as merely a new technology for delivery — maybe something akin to CD-ROMs. In fact, it is more likely to do to the financial system and regulation what the internet has done to media companies and advertising firms. Such a fundamental restructuring of a core part of the economy is a big challenge to incumbent firms that make their living from it. Preparing for these changes means investing in research and experimentation. Those who do so will be well placed to thrive in the new, emerging financial system.

https://hbr.org/2017/03/the-blockchain-will-do-to-banks-and-law-firms-what-the-internet-did-to-media

Bitcoin Is Better Than Gold

Bitcoin has left gold in the dust in recent months.

The Bitcoin Investment Trust Shares have almost tripled in value in the last twelve months, gaining more than 30 percent in the last three months alone. Meanwhile, SPDR Gold shares are down 3.78 percent in the last twelve months and up 4.49 percent in the last three months.

Fund

12-month performance

3-month performance

SPDR Gold Shares (GLD)

-3.78%

4.49%

Bitcoin Investment Trust Shares (GBTC)

141.83

30.81

Source: Finance.yahoo.com 3/3/2017

Bitcoin value March 2017

Digital currency bitcoin hit a record high on Friday on optimism about the approval of the first U.S. bitcoin exchange-traded fund by the Securities and Exchange Commission.

http://fortune.com/2017/03/03/bitcoin-pricing-record/