Synopsis:
Insane Growth Rate of Bitcoin that was valued 0 on January 2009, its users were just cryptography fans that were basically hobby is stretched all-time more than 700 at any given time high in 2017, boosting interest in all cryptocurrencies. In just 8 years, it had an 8,000% rise. No single currency or even an investment has reached that absurd rate. Because Bitcoin has been soaring as no other currency has ever done before, it has gotten its fair share of fans, critics, and sceptics alike. A lot of the critics have been calling Bitcoin as a “bubble” such as Warren Buffet, Jamie Dimon, Ray Dalio, and a whole lot more, mostly from the financial industry. However, they can call it anything they like, but it doesn’t erase the fact that Bitcoin and cryptocurrency are here to stay. You can’t argue with results. That’s why there are more and more influential people buying into the Bitcoin craze. Below are words of some of those who have embraced the disruption with open arms: Bill Gates, co-founder of Microsoft: “Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than any currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.” Eric Schmidt, Executive Chairman of Google: “Bitcoin is a remarkable cryptographic achievement. The ability to create something which is not duplicable in the digital world has enormous value. Lots of people will build businesses on top of that.” Al Gore, former Vice President of the United States: “When Bitcoin currency is converted from currency into cash, that interface has to remain under some regulatory safeguards. I think the fact that within the Bitcoin universe an algorithm replaces the function of the government … [that] is actually pretty cool.” There’s a whole lot more, but you get the picture. Everyone is dying to get their hands on the Bitcoin craze, and it has no signs of stopping anytime soon. Therefore, the book is compiled to give the readers a comprehensive idea about cryptocurrency particularly Bitcoin through the following chapters Chapter-1: What Are Cryptocurrency and Bitcoins? Chapter-2: Bitcoin Technology Chapter-3: Facts and Figures of Bitcoin Chapter-4: Is Bitcoin a Legal Tender? Chapter-5: Bitcoin as an Investment: Risks and Opportunities Chapter-6: Pros and cons of Bitcoin Chapter-7: Economist and Expert views on Bitcoin Chapter-8: Future of Bitcoin I am sure once the book is read, the interested people in this area will be able to know pros and cons and be able to take decision as to whether to deal with cryptocurrency.
About the Author:
Award winning Key Note Speaker at International Level, Professor Ajit Kumar Roy is an acclaimed researcher and consultant. Prof. Roy obtained his M.Sc. degree in Statistics and joined Agricultural Research Service (ARS) of Indian Council of Agricultural Research (ICAR) as a Scientist (Statistics) in 1976. In recent past was engaged as National Consultant (Impact Assessment), for East &North Eastern States of India at National Agricultural Innovation Project (World Bank funded) of ICAR. Earlier he had served as a Consultant (Statistics) at Central Agricultural University, Agartala. Earlier to that he had served at CIFA, ICAR, as Principal Scientist and was involved in applied research in the areas of ICT, Statistics, Bioinformatics, Analytics and Economics. At International level, he served as a Computer Specialist at SAARC Agricultural Information Centre (SAIC), Dhaka, Bangladesh for over 3 years. The author with about four decades of research and teaching experience in Statistics, Analytics, and Information & Knowledge Management, edited twenty books and several conference proceedings. Besides, published over 100 articles in refereed journals. His recent best-sellers are 'Big Data and Data Science Initiative in India-Upcoming Job Opportunities; ‘Applied Big Data Analytics'; 'Impact of Big Data Analytics on Business, Economy, Health Care and Society'; 'Data Science - A Career Option for 21st Century’; ‘Self Learning of Bioinformatics Online’; ‘Applied Bioinformatics, Statistics and Economics in Fisheries Research’ and ‘Applied Computational Biology and Statistics in Biotechnology and Bioinformatics’ and ‘Emerging Technologies of the 21st Century’. He was a Member, Organizing Committee Board for the 6th International Conference on 'Biometrics and Biostatistics’ held during, November 13-14, 2017 Atlanta, Georgia, USA. Editorial Board Member, Jacobs Journal of Biostatistics, Jacobs Publishers, 900 Great Hills, Trail # 150 w, Austin, Texas. He now works as Visiting Professor, question setter and examiner of four Indian Universities.
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