Assignment: Banking on Bitcoin
Watch the youtube video "Banking On Bitcoin Full Documentary Film"
Instructions:
• For all of the following questions, supplement your answers with data and other evidence from the film.
• No page limits.
Questions:
1. Discuss the value of Bitcoin
a. Based on the movie, what is Bitcoin, how it works, why it emerges?
b. What are the problems of the current banking industry?
c. What are the strength of Bitcoin? How Bitcoin will affect banking industry?
2. Discuss the emerge of digital currency industry
a. Base on the movie, how the digital currency industry evolves, considering the involvement of different organizations/social actors?
b. How attractive is the new industry? (Please use Porter's five forces for industry analysis.)
c. What are the problems in the new industry?
3. Discuss theen trepreneurial opportunities in the new industry
a. Based on the movie, how do you understand the role of entrepreneurs in the digital currency industry?
b. What is your vision of bitcoin?
c. If you are an entrepreneur in the new industry, how do you create competitive advantage and overcome the challenges and problems in the industry?