Bitcoin Market: 5 reasons to bitcoin prospects

Bitcoin Market: 5 reasons to bitcoin prospects

Bitcoin prices on Monday (August 31st) the disc of low volatility, the overall continuation of yesterday’s decline pattern.

BITSTAMP announced the price display, bitcoin / $(XBT/USD) yesterday from 233 near the high exchange rate fell below 226, the transaction was mild disc Nichia rebounded to above 229, but eventually fall to near the 226 level.

KRAKEN announced the price display, bitcoin / euro (XBT/EUR) yesterday continued above 208 fell to 203 level, the transaction Nichia disc was rebounded to above 205, but still fell to 203 levels.

(bitcoin / $chart source: Peng Bo, FX168 financial network)

(bitcoin / Euro time chart source: Peng Bo, FX168 financial network)


Foreign media industry, the author gives 5 reasons about the bitcoin market outlook:

The 1. increase in the size of the limelight

In 2012, bitcoin related venture capital scale only $2 million. 2013 is $95 million, 2014 is increased to nearly $350 million. To know the Internet just started in 1996 when the venture capital scale only $250 million. And now, bitcoin total industrial investment and more than $550 million, which is a few years.

2. bitcoin influence

Venture capital size is more important to investors. Like Netscape founder Marc Andreessen (Netscape) such technological change also in the bitcoin project invested more than $50 million. Richard Branson, Reid Hoffman, NYSE, Citibank’s former CEO, Reuters and the associated bitcoin industry.

Bitcoin transactions increased 3.

Bitcoin industry has two core indicators: account number and volume. In 2013, only 13000 of a bitcoin account, now the number is more than one million, an increase of nearly 8000%. In addition, bitcoin transactions per month at a new high. Since 2013, the volume of its basic pace, reached nearly 100 thousand bitcoin daily trading volume.

4. to expand the scope of the use

Overstock.com, Expedia, Microsoft and DELL are now accepting bitcoin. The world to accept bitcoin payments more than 90 thousand businesses.

5. industry talent capital

Huffington Post said, “when you laugh at bitcoin, in fact, are you laughing at, the young genius of hundreds of thousands of hungry entrepreneurs”. The original mathematicians involved in bitcoin industry. VISA and PAYPAL executives have also created their own bitcoin company.

The entrepreneur is to solve the previous problems failed to solve the. Bitcoin now is there? You bet。 But a group of the world’s most intelligent people will compensate for these problems.

Beijing time 11:08 on August 31st, bitcoin / USD / Euro 226.95, bitcoin at 203.60.

Proof: Sarah

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