WHITE PAPER

Bitcoin: A Disruptive Currency

A digital currency for a continuously more digital world.

August 1, 2015

Bitcoin could entirely change the way we exchange and store value. In order to fully unfold its innovative force, bitcoin has to sufficiently meet the three main functions of money:

  • Means of exchange
  • Store of value and
  • Unit of account.

Just as cell phones made telephone poles unnecessary in developing countries, bitcoin may remove the need for most banks.

One must remember: Money is no more than a useful shared illusion, an agreed upon version of reality, to grease the economic wheels of the world. Bitcoin simply rethinks the best way to be a currency in today’s digital world.

 

To learn more about bitcoin as a currency download ARK Invest's white paper.

Please fill out to download:

©2024, ARK Investment Management LLC (“ARK”). All content is original and has been researched and produced by ARK unless otherwise stated. No part of ARK’s original content may be reproduced in any form, or referred to in any other publication, without the express written permission of ARK. The content is available for informational purposes only and is subject to change without notice. All statements made regarding companies or securities or other financial information on this site or any sites relating to ARK are strictly beliefs and points of view held by ARK or the third party making such statement and are not endorsements by ARK of any company or security or recommendations by ARK to buy, sell or hold any security. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, please see the Terms of Use for this site.