Bitcoin – Genesis, Opportunities, Risk and Possibilities

Abstract

Over the years we have seen the colossal development of internet before our eyes. We have also witnessed the growth of Google, Facebook and many others. As a unique technology Bitcoin, also is being built on top of the internet. Bitcoin is now a new currency that people are starting to talk about, the money of the future. Bitcoin is also just a big experiment, with no guarantees and we might be wasting our time exploring its concepts and ideas. It is at the crossroads of technology, philosophy, politics and everything, exploring the ways and means of settling into the financial system. Bitcoin was created to provide an alternative to the banking system.This paper discusses about Bitcoin, its genesis, opportunities, risk and possibilities, regulation in India, price in India.