Is IBM a Better Bet Long-Term than Bitcoin?

At the same time, many people recognize that the blockchain, the technology that underpins digital currencies, is an extreme value proposition in itself.

While people are divided on the efficacy of digital currencies, there is near unanimity about the incredible value of blockchain technology.

"The Bitcoin bubble may ultimately turn out to be a distraction from the true significance of the blockchain."

With that in mind, when looking at the long game, it might be better to consider which platforms are most successfully employing blockchain technology because that might be where the long-term value lies.

Although the company is more than 100 years old, IBM is staying relevant by making a massive push into blockchain technology.

IBM's open sourced blockchain, Hyperledger, is their foray into the decentralized economy.

They've shared dozens of blockchain projects with direct, specific industry applications that are pertinent to, among others, the banking and shipping industry.

The company already has dozens of blockchain services with more than 400 clients located around the world.

In other words, IBM is serious about blockchain technology, and that approach has some believing that the company may be a better long-term bet than Bitcoin.

As blockchain technology continues to proliferate across different industries, its impact on the value of companies that provide those services could rise as well, Mourdoukoutas is undoubtedly hoping that's the case.