31 Dec '13, 5am

The Year of Bitcoin

While price inflation is the first thing everybody recalls about bitcoin in 2013, what really defines its incredible year was how it slipped out of nerds’ virtual wallets into the mainstream. An 8 billion dollar asset leveraged its value to dominate the headlines and gain widespread recognition. Germany legalized it and many nations acknowledged it - even the US courts. That Norway called it an asset was seen as a dreadful slight; rather it was a splendid incremental step to wider appreciation. In the end, China and Thailand pushed back against the bitcoin juggernaut. The latter is hardly of global economic significance, while the former maintains a closed currency regime.

Full article: http://rt.com/op-edge/the-year-of-bitcoin-722/

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