28 Dec '15, 3pm

2016 Could Be Bitcoin's Best Year Yet

2016 Could Be Bitcoin's Best Year Yet

Tuur Demeester is an independent investor, newsletter writer and editor in chief at Adamant Research. He has a background in Austrian economics, the school that specialises in the study of boom-and-bust cycles in the economy. 2015 was another rollercoaster year for bitcoin: incredible amounts of infrastructure development, lots of talk about ‘the blockchain’ and the fierce scalability debate, all against the backdrop of a crash to $150, which was followed by a high of $500 (so far). Let's reflect back on the ups and downs of bitcoin's financial history, and then we can look forward to the ride to come. Here's my condensed take on the financial history of bitcoin: 2009-2010: Conceptualization This is the pre-history of bitcoin-the-currency, as there’s hardly even a price for the tokens generated by the bitcoin software. A lot of technical and economic discussions take place...

Full article: http://www.coindesk.com/2016-bitcoin-best-year/

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