How are you [Bitcoin] Revolution? Billionaire Crypto Investor Tim Draper says it has only just begun

Digital currencies have become one of Cinderella's true stories when considering their potential applications for businesses, as well as an investment perspective. And since the potentials of Bitcoin have been presented for the first time, it has enjoyed a good part of the ups and some downs otherwise catastrophic.

For people like Tim Draper, its potential has been undervalued over the years, enough to allow it to devote much of its time to understanding how digital portfolios, cryptocurrency, and how the ecosystem works.

One of the things that fascinated Draper was, what Satoshi Nakamoto did for a long time to incorporate scarcity; which would see its value increase while the number extracted devalued compared to the amount used.

While Draper himself, despite being an early investor, suffered a number of misfortunes, both with his mining adventure and with his experiences with Mt Gox. This has not blunted its optimism when considering Bitcoin's potential.

So what does Bitcoin Apart set? His resilience

Mt. Gox crash hit a large number of investors, upsetting the entire Bitcoin market, sending its value down 20 percent. But what makes it particularly fascinating for Draper, is the fact that it proved to be lasting, even in the wake of this bearish shock.

So, what's that makes it resistant? It is fortunate enough to have a community of buyers who are feverishly lining up to buy bitcoins, even during some of its low prices. The financial crisis has helped to encourage former users of banks and major financial institutions to look for alternative ways to pay and be digitally paid.

Banks have every reason to fear cryptocurrencies, as large banks have to complete transactions for customers with a relatively small volume of capital, but in reality it costs them to deal with all the practices required by the client. In addition to this, the rules that were established to protect these individuals are actually preventing them from having a positive effect on the market.

The resilience demonstrated by Bitcoin over the years has been accompanied by the growing relevance of cryptocurrencies against banks that continually fail small customers.

Bitcoin potential and the next wave of change

What Bitcoin is doing is something that banks and financial institutions can not represent: transparency and complete objectivity. This is a series of features that transcend cryptocurrency, with blockchain that has the potential to take over for departments of outdated companies.

Smart contracts are a perfect example of this: with these they prove able to pay employees punctually, storing information for a wide range of things. These can also be used to validate products for their authenticity, validate transactions and confirm delivery and / or shipments.

The potential is there, but it is a matter of trust by big companies, institutions and companies. Fundamental changes and innovative minds are needed to test the potential and exploit blockchain technology.