03 Oct '13, 1pm

Analysis of Silk Road’s Historical Impact on Bitcoin

Analysis of Silk Road’s Historical Impact on Bitcoin

In June of 2012, bitcoin began another rally. By this time, infrastructure in the bitcoin world had begun to increase dramatically, including the first bitcoin ASIC companies to begin advertising products and new exchanges being formed. Gawker ran another story about Silk Road in July 2012, which appears to have had positive impact on bitcoin prices, though not nearly to the extent it did previously. The months following proved to be highly transitional, with Bitcoin Foundation putting a public face on the new industry and early 2013 seeing the European financial troubles that led to the climb to $260 in April of this year and unprecedented global attention.

Full article: http://thegenesisblock.com/analysis-silk-roads-historical...

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