Adam Draper, founder and general manager of virtual reality and venture capital firm Block, Boost VC, recently said in an interview that he believes Bitcoin and block chain technology will function as a back-end Technologies behind the reserve currencies like the US dollar. Over the past two years, an increasing number of banks and financial institutions large amount of capital and resources allocated in the development and research of Block chain technology and Bitcoin. A study published by leading analysts at Greenwich Associates, notes that $ 1 billion a year is devoted to the development of the Chain block. Despite the media hype on Bitcoin and Block’s fast growing user base chain, market capitalization and demand, Draper believes that Bitcoin and the underlying technology will only
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