Like gold, Bitcoin relies on miners to maintain the supply and has a finite supply which makes it both rare and valuable
Stock-to-flow charts can also be revealing when compared to other similar assets. In an analysis by Medium user Plan B, we see a distinct correlation between BTC and the growth of silver and gold over time.
There is a predictable number of bitcoins that are created and the speed at which these are created halves every 4 years until there are a total of 21million bitcoin which will be the end of bitcoin mining.
Standing in the year 2020, it is very exciting to anticipate that in which direction this collaboration of AI and banking is heading towards in the next 5 years.
We know that machine learning is making great strides in all major finance institutions increasing employee and customer ease-of-use processes. This will inevitably pave the way for more automated processes to replace manual and repetitive routines and procedures.
The three main issues found have been the performance when scaling of the technology for commercial application, ongoing regulatory uncertainties, and the difficulty of trust when bringing together various competitors.
The finance industry is now utilizing state of art artificial intelligence technologies to intercepts these frauds as early as possible and prevent them from taking place.
Technology is also being utilized in finance industry to perform efficiently and improve customer experience. Various innovations in mobile payments, blockchain, digital currencies are made possible with the advancement in technology.