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  • Views of Mr. Pratik Gauri, Co Founder & CEO, 5ire on Bitcoin turning 14 today

    Published on January 3, 2023

    “Besides introducing a new asset class and posing a challenge to the world banking and economic system, the most significant legacy of Bitcoin remains the popularity of Blockchain networks and the innovation it spurned in the blockchain space. Even after 14 years, Bitcoin has not been positively affected by the rapid innovation and the switch to a more sustainable and low carbon footprint solution to the insane power consumption of the Bitcoin network.

    Despite the fears in the digital asset markets for increased regulation of the industry and the sector winter and downturn faced by investors, hope is high that creating new Bitcoin-based products and services can reinvigorate the adoption and usage of Bitcoin and the blockchain, creating new opportunities to help solve problems in various industries.

    The arrival of Web3 and the decentralization of web are a distinct hope for furthering the innovation revolution that began 14 years ago, and via the utilization of blockchain and innovation in the technology remains very strong.”

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