Radu Georgescu: „in less than 5 years from now the banking system will most probably be duplicated for Bitcoin”

The internet protocol first appeared in the 70’s. People did not know where this would go, as it was only a simple hand-shaking protocol between two computers, linked by a wire. Computers could exchange bits – who cares?

Then, in the 80’s, the first layer of infrastructure was built around the internet protocol – hardware. Companies like Cisco took over the world (and they actually became the most valuable corporation of the world at some point).

And still we were not there: in the 90’s, the second layer of infrastructure started to grow – software. Netscape and others like them built the dotcom bubble.

In the 2000’s Google appeared to organize the world’s information and in 2010’s apps and applications are showing us the real power of the internet. Facebook, Linkedin, Amazon are only a few names of companies that we now believe are so important to us. They are huge companies, life-changing businesses – but they would not have been possible without the protocol invented in the 1970′s.

„I believe the bitcoin protocol is trending in the same way. It was invented (created, started?) in 2009 and we are now evolving at a quicker pace than during the internet boom. Five years instead of 10 (you know, we are now moving faster ) and, in 2014, the first layer of infrastructure is being build: miners, pools, exchanges, processors, wallets, coins, security layers, ATMs… all the basics required for BTC to boom.” says Radu Georgescu on his blog.

„In less than five years from now the banking system will most probably be duplicated for BTC. Banks will learn that bitcoin is not a foe, but a friend and will start to use it.”, he added.

According to Georgescu: „… the second layer of infrastructure (see picture below) will be there. Then things will get organized. Five years more and killer apps will show us why bitcoin was, and is, important. Will this be a wallet that can store all your valuable assets? Or some money replacement? Who knows… but I put my two cents on the table that it will be big, very big!”.