Here’s what the blockchain is for – and when I think bitcoin will hit a bottom

Blockchain is the breakthrough technology behind cryptocurrencies. But what is it actually for? Dominic Frisby outlines some of its many uses, and makes a prediction on the future of bitcoin.

"I don't think much of bitcoin, but I'm very excited about blockchain technology." This is one of those generic remarks I often hear bandied about, often by people who've never used bitcoin or even tried out the tech. Can you like one and not the other? Or is that like saying "I like the combustion engine but I don't like cars"? I spent some time at the World Blockchain Forum last week, and today I'd like to share with you some of the discoveries I made.

What is blockchain?

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Dominic Frisby

Dominic Frisby (“mercurially witty” – the Spectator) is as far as we know the world’s only financial writer and comedian. He is the author of the popular newsletter the Flying Frisby and is MoneyWeek’s main commentator on gold, commodities, currencies and cryptocurrencies. He has also taken several of his shows to the Edinburgh Festival Fringe.

His books are Daylight Robbery - How Tax Changed our Past and Will Shape our Future; Bitcoin: the Future of Money? and Life After the State - Why We Don't Need Government

Dominic was educated at St Paul's School, Manchester University and the Webber-Douglas Academy Of Dramatic Art. You can follow him on X @dominicfrisby