The most severe pattern of DG is pathological gambling (PG) which is categorized by the Diagnostic and Statistical Manual of Mental Disorders (DSM-IV) as a disorder of impulse control 5. PG meets at least five of the ten criteria listed in DSM-IV.
Institutional investors will play an important role in securing the future of cryptocurrencies like Bitcoin (BTC), according to Erik Voorhees, CEO and founder of ShapeShift.io.
In a panel discussion at this year’s LaBitConf, Voorhees said Bitcoin’s adoption curve will grow substantially over the next five to ten years. In that time, Voorhees estimated that half the world could have exposure to BTC. He believes that mass adoption will occur much later, however, once Bitcoin becomes the global monetary standard.
The panel was virtually unanimous in the view that Bitcoin is better served with entities of different persuasions buying and holding BTC. In this vein, institutional adoption is a net positive for the ecosystem because it ensures that the rules of the game never change and that governments don’t try to interfere.
Voorhees said governments have a greater incentive to censor Bitcoin if it’s used primarily by retail investors. With large institutions in play, there may be a natural “bulwark” against government overreach.
Regarding Bitcoin, Voorhees noted his belief that “The greater the mix and diversityof holders, the better,” before continuing “Democratization of control over money is the essence of Bitcoin.”
Although Voorhees says we are still in the very early stages of institutional adoption, 2020 has been a watershed year for the digital asset in terms of orthodox acceptance. Major investors like
Paul Tudor Jones and Stanley Druckenmiller have confirmed their stake in Bitcoin, while Paypal and Cash App are buying up most newly mined BTC.Meanwhile, digital asset manager Grayscale continues to amass Bitcoin and Ethereum (ETH) amid record inflows into its funds.
Bitcoin is experiencing a supply shortage that’s occurring almost in lockstep with the latest deflationary halving event. With supplies capped at around 900 BTC per day, institutional adoption appears to be having a positive impact on price discovery.
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In Voorhees’ view, the real surge in institutional interest will occur near the peak of the next bull market when not owning Bitcoin will inflict reputational damage.
Higher prices are no issue for major institutions, many of which are waiting for Bitcoin to “catch up to their liquidity,” according to Voorhees.
Israel is known to have one of the most innovative economies in the region, but has the country adequately taken advantage of one of the largest entertainment sectors, gaming?In this article, we will discuss the current state of the Israeli gaming industry, what it may look like in the future, and how Israeli companies are shaking up the industry.It may surprise some, but Israel has a long history of involvement from employees to industry titans.BackgroundAccording to NewZoo, the gaming industry topped $138 billion in global revenue. Mobile gaming is the largest sector, and it accounts for just over half of gaming revenue at 51%.More impressive than the massive numbers is the unprecedented growth the industry has seen over the past ten years. The total gaming industry has seen 10% annual growth over the past ten years, and these trends are expected to continue. Once again, mobile gaming is the highest growing sector, and it is projected to account for an increasingly large portion of the gaming pie. Mobile gaming has had over 10% growth every year since the first iPhone released in 2017, and as smartphones continue to spread across the globe mobile gaming will continue to grow.In terms of geography, Asia-Pacific is the biggest region for gaming with 52% of the revenue coming from this area. China and Japan may be leading the way, but all other regions are still seeing a massive growth in the number of gamers.Mobile gaming continues to impressively grow as more people around the world gain access to smartphones and the capability to play mobile games. Mobile gaming has also seen a shift in recent years, and small microtransactions are now the name of the game for game developers.In total, mobile gaming is predicted to be a 100-billion-dollar industry by 2021, and the massive mobile sector has a wide impact on the total gaming industry.IsraelBut, where does Israel fit into this massive industry and how has the country impacted the direction of gaming?The Israeli start-up scene is known for its strength around the world, so it would make sense that Israeli developers and entrepreneurs have their hands in the gaming world. And in recent times, Israeli companies have made some headlines for their economic contributions to the gaming industry.In 2017, Australian gambling company Aristocrat bought out Israeli company Plarium for $500 million. Plarium owned Vikings: War of Clans, one of the highest-grossing mobile strategy games, and the sale earned Israel clout on the international gaming scene.Plarium’s acquisition by a gambling company also highlights another trend in gaming: the entrance of the gambling industry in traditional gaming.Online gambling is also a growing industry, and companies regularly shift their offerings from physical casinos to online gambling websites. Companies hosting online casinos have expanded the industry and shown the thirst of consumers to have their gambling available online.But, gambling has also entered traditional computer and mobile gaming in a very different manner. Many video games use elements of gambling in their purchases such as loot boxes to diversify their revenue streams. No longer do game developers solely rely on the purchase of the game, but gamers constantly reinvest in games for the chance at better items or chances of winning.A noticeable amount of gaming growth can be attributed to this shift in gaming companies, and as evidenced by the Plarium acquisition, Israeli companies have made some innovative and profitable moves in this space.Israeli gaming company Playtika was also purchased for $4.4 billion in 2016, and still has offices in Israel. Similar to Plarium, Playtika is a gaming company that boasts an innovative story. Playtika works in the space of social network games, and they are the highest grossing game developer on Facebook.Both video game companies have produced countless jobs and contributed large sums of tax dollars to the Israeli government, and they are examples of how Israel can be a hotbed for gaming.Gaming is growing, and it is seeing sea change that will impact the industry for years to come. And, Israeli start-ups and entrepreneurs can continue to capitalize on the market growth and demand for gaming.But, not only has Israel been big in the traditional gaming scene, but the country’s entrepreneurial spirit has also resulted in large changes in the online gambling industry.Online gambling