So, you can clearly notice why it is important to reflect on Bitcoin questions. Furthermore, almost 97% of users in a survey expressed their confidence in digital assets. The growth rate of Bitcoin in the period from 2012 to 2020 was 193,639.36%. Speaking of value, the market capitalization of Bitcoin as of February 2021 was $1072.21 billion. Why should you care about Bitcoin as a topic in interviews for enterprise blockchain professionals? Isn’t Bitcoin a volatile cryptocurrency? Wouldn’t it fade away soon? All these questions might arise in any individual’s mind, especially due to the continuously fluctuating values of Bitcoin. The following discussion offers an overview of different categories of interview questions related to Bitcoin to help aspiring enterprise blockchain professionals.Įnroll Now: Getting Started with Bitcoin Technology Course Why Should You Focus on Bitcoin Interview Questions?īefore diving into an outline of the best Bitcoin interview questions, it is important to know the reasons for the same. Therefore, enterprise blockchain professionals need to encounter interview questions on Bitcoin for different enterprise blockchain job roles. Over the years, it has served as the foundation for the development of many other cryptocurrency alternatives. Bitcoin is the first cryptocurrency that arrived in the market with promising implications of blockchain as its underlying technology. With many industries and the general public losing confidence in conventional financial institutions and instruments, cryptocurrencies emerged as an alternative. The year 2009 witnessed one of the worst financial crises in history. Said Saylor, “We have a forest fire.” And MicroStrategy is fanning the flames.Looking for the top bitcoin interview questions to prepare for your interview? Go through some of the best bitcoin interview questions with detailed answers before you get ahead! “99.9% of the people don’t understand the solution,” Saylor said, but with a $250 billion market cap we’re a bit past the point where government regulators, hackers, or others could have snuffed it out. The solution, to Saylor, is Bitcoin, which is designed to have a fixed supply and be non-inflationary. “In an environment where you’re expanding the monetary supply, you’re sucking the energy out of a unit of currency,” Saylor said, seemingly referring to the Federal Reserve’s policy of increasing the monetary supply and exceeding its earlier 2% inflation target, “all the equities, all the bonds have to be valued at.a discount rate.”Īnd that’s the $250 trillion problem in Saylor’s eyes: All of those assets become worth less in real terms as the buying power of a unit of currency declines. Regardless of the number, his point is a larger one. However, using Saylor’s criteria, those assets are likely worth closer to $500 trillion, with the global real estate market alone estimated to be worth $280.6 trillion. In explaining the reason behind the company’s $425 million purchases (now worth closer to $520 million), Saylor pointed to what he said is a $250 trillion market for alternative assets.Īccording to Saylor, “99.9% of all the assets in the world are in ‘alt’ assets-$250 trillion in bonds, stock, real estate, precious metals, derivatives,” whereas there’s just a $250 billion market cap for Bitcoin.Īlternative assets are typically defined as things that aren’t stocks, bonds, or certificates, so Saylor might essentially be reclassifying the asset categories here: Anything that isn’t Bitcoin is an “alt asset.”ĭecrypt was unable to tally up the total value of all the world’s assets (the price of a CryptoKitty is too subjective). It holds more Bitcoin than all other publicly traded companies combined. MicroStrategy is a business analytics firm that bought 38,250 Bitcoin in August and September. In a webinar today, MicroStrategy CEO Michael Saylor told Kraken’s Dan Held that Bitcoin is a $250 billion “solution to $250 trillion worth of a problem.”
Saylor thinks most assets that aren't Bitcoin are negatively affected by expansionary monetary policy.He explained the public company's recent purchase of Bitcoin.
Michael Saylor is the CEO of MicroStrategy.
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