Satoshi Nakamoto, the supposed founder of Bitcoin, asks you to consult him on how new entrant Bitcoin can increase its power as a medium of exchange in the United States. Using the Porter Five Forces Model, provide two ways on how Bitcoin can increase its power as a medium of exchange vs other established means of payment or means of transaction in the US. What parties are involved, what actions must occur in what order, and what do you recommend for Bitcoin to increase its power? Provide one paragraph on the minimum for each way in which Bitcoin can increase its power (eg two paragraphs total on the minimum). Cite your references in APA format at the end of your document. Include your name and title at the top of your document. Your pdf should be single space with 1″ margins in an 11-12 pt font. Remember to save and upload your pdf as LastnameFirstnameHW4.pdf. Thanks, have a fun & safe Spring Break, and see you back on Saturday, April 9th.
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