In order to understand how a technology could have an impact on a business model or a particular company, we first need to understand the basics of that particular technology. Bitcoin has been around since 2009 and is a system that works without a central repository or single administrator. This is something that impact or mitigate the white collar crimes, because there is no owner. The network operates as a peer-to-peer electronic cash system and transactions take place between users directly through the use of cryptography, without an intermediary, it is a consensus network that enables a new type of payment method and a completely digital form of money. Many people call it "cash for the internet".
All transactions with Bitcoins are registered permanently on a ledger called “blockchain”. this ledger is shared around the world, and is publicly-viewable. This means that all transactions are available to be seen, registered and open in the blockchain. Indeed all transactions that ever happened on the blockchain are publicly visible, and looking at transactions on such a blockchain explorer let's you discover what transactions moved the same Bitcoin balance before you received it. While all the transactional information is in the public, the involved parties remain private as they transact under pseudonyms called Bitcoin addresses (i.e. 1BvBMSEYstWetqTFn5Au4m4GFg7xJaNVN2). You could see time, volume, and involved addresses, but don't see the individual's private information. However, through data mining observers may learn that some addresses are under the control of the same entity and might make some guesses about their usage. This becomes a mayor challenge for banks, because they would now have visibility on how they are moving the money around. In fact, how many news related to money laundry have you heard that banks are involved? with this technology they would no longer be able to hide any transactions because all are public.
All transactions are verified and kept in the network secure. However, the Bitcoin protocol or lets say "available" is limited to 21 million bitcoins, this means that no more than that amount can ever be created. Moreover, also means that no central bank, individual or government can come along and simply ‘print’ more bitcoins when it might want to. In this sense Bitcoin is likely to grow in value based on this property alone. Lets take a look at the price chart since it started to validate this.