27 Feb '14, 3pm

How far has Bitcoin come in the past year? This report tells all

How far has Bitcoin come in the past year? This report tells all

In a single year, the price of Bitcoin grew by a factor of 56. Imagine that happening to $100 in your checking account — you’d get $5,600. It’s a neat stat that we at VentureBeat didn’t come up with on our own. It’s one of the many nifty bits of information tucked inside a 91-page report that Bitcoin news outlet CoinDesk issued today. The report does a great job of stepping back from the incremental news of the digital currency and displaying its bigger trends. It also picks out many of the winners in the Bitcoin game. Here we deliver a few of the most fascinating findings from the report, along with some notes of our own. For starters, Bitcoin’s “market cap” at the end of 2013 was $9.2 billion, according to the report. CoinDesk performs that calculation by multiplying the price of Bitcoin by the number of Bitcoins outstanding. It’s more a representation of the currency’s ...

Full article: http://venturebeat.com/2014/02/27/how-far-has-bitcoin-com...

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