Bitcoin Could Keep The Bullish Momentum After All

Though it's unclear whether it will, bitcoin has the potential to be the next big thing in finance. Although Bitcoin has been in existence since 2009, its functionality and future prospects remain unclear.

When Bitcoin originally gained popularity, it was seen as an investment option for those who believed that governments and inflation would destroy fiat currencies. The concept is that you don't need to trust anybody else with your money since you can keep it in bitcoin and use it to pay for products and services.

However, bitcoin may be used for purposes other than investing or making purchases using the actual money. OpenBazaar is a firm that aims to provide an online marketplace where anybody may buy or sell anything to anyone else directly, without intermediaries like Amazon or eBay. The startup wants to make internet shopping as simple as shopping at your neighborhood store, which will drive traditional brick and mortar stores out of business.

Instead of charging businesses to advertise their goods on the website, OpenBazaar gets a percentage of every sale completed using its software, around 3 percent of every transaction that occurs on the platform. However, what would happen if you intended to sell anything for free?