Bitcoin & the Blockchain Revolution
Jason Pride, CFA
Chief of Investment Strategy & Research, Managing Director at The Glenmede Trust Company, N.A.
Originally described in a 2008 whitepaper by an unknown author operating under the pseudonym Satoshi Nakamoto, Bitcoin is a digital currency born out of distrust for the financial system and limited in its supply. The hype surrounding Bitcoin and other digital currencies has attracted both interest and nay-saying. However, behind these high-flying currencies lies a new technology and potential source of innovative disruption for the financial industry and possibly much more. Investors should both recognize the speculative nature of this space and remain aware of the potential disruptive impact on already established businesses.