Why bitcoin is poised for big momentum in 2015, Sure, the annual return wasn’t great. But there are many signs that the digital currency is just getting started.
It was not an auspicious start to the new year for bitcoin investors.
Over the first weekend of 2015 the second-largest bitcoin exchange, Slovenia-based Bitstamp, was victim of a hack to the tune of some $5 million U.S. dollars’ worth of the digital currency. As the tech press were quick to point out, it was a worrisome start to the year for a digital currency that Quartz had already declared
“the worst investment of 2014.” And if you look at its performance
between Jan 1, 2014 and Jan. 1, 2015, that’s not wrong: bitcoin ended
the year at 39% of the value it started with.
In reality, bitcoin displayed major momentum in the last year as both
a technology and a movement, and looks poised to convert more skeptics
in the year to come. The metrics in a range of areas prove it: the
number of bitcoin-related startups and jobs has boomed; the number of
accepting institutions has bloomed; and activity among developers is
greater than ever.
