What Has Fred Wilson To Say On Bitcoin, Unbundling, Data Leakage And Health Care

Take a look into the crypto world as seen by Fred Wilson. Here is the whole account on the topic.

Who Is Fred Wilson In The Bitcoin World? 

It was during the 10th edition of the LeWeb conference in Paris that the NewYork based investor Fred Wilson had explained the megatrends currently influencing which companies he invests in including Bitcoin. As he stressed, he doesn’t look at technologies but at the trends that are influencing society in general as this way, he can build a framework helping him to think about what are the big opportunities that will present themselves. It was the first macro trend as Wilson said, that the transition from slow bureaucratic hierarchies to technology-driven networks with his view the old top-down hierarchies worked whereas in today’s post-industrial world they are just not efficient enough. 

Here the first place the trend was seen was media but we are now also seeing it in other places too with Airbnb and hotels and in creative industries thanks to Kickstarter or learning through Codeacademy and Duolingo. Thereafter the second trend according to him is unbundling which until now was more efficient to package a bunch of services or products up in bundles delivering them together and however buying a la carte as well as getting the best possible service is how we expect here to do business. Here instead of getting the business news and world news, from a single newspaper, they can go online and just get the best news in a specific category.

Which Are The Industries Being Targeted?

It was found that hereby the other industries that are now ripe for disruption because of this he said where banking including in lending and asset management, education, where online classes are disrupting the traditional models and research as technology makes collaboration much more efficient. There is entertainment too as he believes it is already going through this stage of disruption thanks to Hulu, Netflix, and similar services. Here the last and most obvious trend is he believes there are all now nodes on the network thanks to the smartphones that we all carry around with us. There is also that we are nodes on the network reaching each other all the time with very little effort enabling tools like Uber but also payment and dating apps.

It is found that every investment Wilson makes is getting evaluated based on these criteria right now and he is of course known for making a very few investments per year with his firm Union Square Ventures making about ten and as these pay off, he has to be smart about finding these megatrends and companies that fit into them. As it is observed that Wilson was also very bullish on Bitcoin it also turned out that to him it is merely a layer of the internet infrastructure and a protocol where entrepreneurs use to build tremendous amounts of new technologies and services on top of in the coming years. In fact, to him, the Bitcoin isn’t controlled by banks or governments making it a very investible trend.

For the next, the healthcare too is something that he is interested in investing in as the three megatrends he is focusing on he believes are coming together in healthcare right now. Therefore one of Union Square ‘s latest investments, Human Dx is tackling collaboration in healthcare thereby applying many of these trends. Therefore as Wilson also thinks he is fixing data leakage which is something worth investing in. Here is the industrial revolution came along he said we started polluting as we didn’t do anything about it for a century with the information revolution as this pollution is data. Here it’s the data that eventually leaks out that lets governments and companies like Google spying on us. 

To Take Account Of The Facts In Reality

To take the facts to confidence, while we allowed Google and others to become the identity providers, what essentially we are doing is giving them access to everything we are doing. Thereby Wilson believes that there will soon be a Bitcoin-like protocol that will emerge that allows us to do the same thing. The fact to be noted is but which will give us full control over the identity, privacy, and the data. Where do you stand now as you get all the info on the application of Bitcoin? Let’s get an idea of how Fred Wilson is influencing the crypto world. We bring you more news on the topic and this is sure to influence your take on cryptocurrency and Bitcoin. Are you ready?

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