Bitcoin’s technological impact goes beyond currency, offering new business models and revenue streams.

• Rob Nelson /Aug 13, 2024 / TheStreet Roundtable

The world of cryptocurrency often garners attention for its market volatility and investment potential, but its real power lies in the transformative technology that underpins it, according to advocates.

In a recent discussion, Roundtable anchor Rob Nelson was joined by Rebecca Barkin, CEO and Co-Founder of Lamina1, and Sam Price, Host of Crypto Lifer, to explore how bitcoin and blockchain technology are more than just financial tools—they are the building blocks for a new era of innovation. Their conversation highlighted how these technologies are poised to transform industries far beyond finance.

Nelson opened the discussion by challenging the common perception that cryptocurrency is only about currencies and investments. He highlighted that bitcoin, in particular, is unique because it is simultaneously an asset, a currency, and a technology. This trifecta sets it apart from other investments like traditional stocks, which are purely financial assets without a technological backbone.

Barkin expanded on Nelson’s point, emphasizing the convergence of emerging technologies that are coming together to create powerful new opportunities. She noted that blockchain, AI, and cloud computing are maturing at the same time, resulting in a technological stack that is unlocking new revenue streams and business models. Barkin also touched on the cyclical nature of technology, comparing the current blockchain hype to earlier cycles in augmented reality, virtual reality, and peer-to-peer technologies.