Volume : 7, Issue : 5, May - 2018

Bitcoin - Genesis, Opportunities, Risk and Possibilities

Dr. R. Rajesh

Abstract :

<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:&#10;justify;line-height:200%;tab-stops:45.8pt 91.6pt 137.4pt 183.2pt 229.0pt 274.8pt 320.6pt 366.4pt 412.2pt 458.0pt 503.8pt 549.6pt 595.4pt 641.2pt 687.0pt 732.8pt"><span style="font-size:12.0pt;line-height:200%;font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Over the years we have seen the colossal development of internet before our eyes. We have also witnessed the growth of Google, Facebook and many others. As a unique technology Bitcoin, also is being built on top of the internet. Bitcoin </span><span style="font-size:12.0pt;line-height:200%;font-family:&quot;Times New Roman&quot;,&quot;serif&quot;;&#10;mso-fareast-font-family:&quot;Times New Roman&quot;">is now a new currency that people are starting to talk about, the money of the future. </span><span style="font-size:12.0pt;line-height:200%;font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Bitcoin is </span><span style="font-size:12.0pt;line-height:200%;font-family:&quot;Times New Roman&quot;,&quot;serif&quot;;&#10;mso-fareast-font-family:&quot;Times New Roman&quot;">also just a big experiment, with no guarantees and we might be wasting our time exploring its concepts and ideas. It is at the crossroads of technology, philosophy, politics and everything, exploring the ways and means of settling into the financial system. Bitcoin was created to provide an alternative to the banking system. This paper discusses about Bitcoin, itsgenesis, opportunities, risk and possibilities, regulation in India, price in India.</span><span style="font-size:12.0pt;line-height:200%;&#10;font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><o:p></o:p></span></p>