Best Practice Report

Bitcoin: Some Parts Brilliant, Some Parts Sure To Bomb

An Executive Q&A On Why Bitcoin Is Flawed But Will Spur More Efficient Payment Systems

March 6th, 2014
DC
Denee Carrington
With contributors:
Carrie Johnson , Benjamin Ensor , Zia Daniell Wigder , Rebecca Katz

Summary

Bitcoin has attracted significant attention in recent months from entrepreneurs, journalists, consumers, merchants, and government entities. eBusiness executives, especially at banks and retailers, are puzzled by Bitcoin, the first crypto-currency, a new method of value exchange via the Internet, and are struggling to understand its value to and potential impact on their businesses. In this Q&A document, we provide clarity on the current facts around Bitcoin, our prognosis for its future, and the impact that virtual currencies will have on the retail and payments landscape overall.

Want to read the full report?

Contact us to become a client

This report is available for individual purchase ($1495).

Forrester helps business and technology leaders use customer obsession to accelerate growth. That means empowering you to put the customer at the center of everything you do: your leadership strategy, and operations. Becoming a customer-obsessed organization requires change — it requires being bold. We give business and technology leaders the confidence to put bold into action, shaping and guiding how to navigate today's unprecedented change in order to succeed.