In recent days, we have seen a number of companies like Dell, PricewaterhouseCoopers and Sun Microsystems enter the “btc” (Bitcoin) market. This has come as quite a surprise considering that all three of them are large-scale corporations with huge financial backing. However, all three have positioned themselves to potentially take advantage of the upsurge in popularity of the “bitcoins” currency. In this article, I will explore why these companies are taking a risk by putting their faith in this new virtual currency.
The first company to put their faith into this new “digital currency” was Dell.
Last year, Dell invested approximately eleven million dollars into its Hypermarkets operation. Much of the money was spent on its display center, which features multiple flat screens displaying various virtual market places around the world. With this investment, it is quite clear that Dell believes that virtual markets are far more lucrative than traditional ones. Therefore, it is far from surprising that they are considering the idea of putting their money into the “bitcoins” market as well.
Another company that has taken a big swing into the “bitcoins” market recently is Sun Microsystems. Sun manufactures servers, workstations and other hardware for huge corporations like Microsoft. A lot of their revenue comes from the sale of servers. However, given the current trend in the economy, it is not surprising that these companies are looking at the possibility of putting their money into the “bitcoins” market as well. Even if the price per coin rises significantly, the profit margin would be much higher than what they get from the sale of server racks.
PricewaterhouseCoopers is another one of the major companies that has entered the “Bitcoins” arena.
They too have put their stake into the market. Last quarter, PricewaterhouseCoopers’ CEO Tim Connelly made comments about the potential for the” Bitcoins” system to rise to super-human status. Now, if you do the math, you can see that this isn’t all that far-fetched. It also makes a lot of sense.
The potential for growth is high in any endeavor. With the right software, it is possible to create a currency that can be traded on a public platform. If the venture gets off the ground, there will be much money to be made. This makes the whole “Bitcoins vs. Google” debate a non-issue.
As time goes by, more companies will find out that they can make a lot of money by issuing their own coins. They will then add their name to the “Bitcoins vs. Google” list. At that point, the competition will become fierce. And the winner will be the one that takes up the most space in the “Bitcoins vs. Google” sweepstakes. Of course, that happens to be the one that has the most software.
So if the argument is whether or not Google is the “it” company now, the answer is no.
But will it become that company in the future? There is much less of a chance of Google becoming a monopoly like Microsoft once there are too many other software vendors out there competing with them. But there is much more of a chance that they could become a “one stop” shop for search traffic, which is what everyone is hoping for.
The only thing that really matters is what you’re doing with your money. Do you want to exchange it for a new currency? Do you want to use it as an investment tool? If you’re looking at the” Bitcoins vs. Google” debate in the context of the future of business, it would seem to be pretty safe to say that you should “prefer” the latter. Of course, there is much more to consider, and no matter what you choose to do with your money, one thing is certain. You will be able to spend it whenever you want!