The Year Ahead In Bitcoin

Predictions, so they say, are hard; particularly those about the future. Additionally, in any tech-related endeavor, to look back over a year is to look at ancient history. It is, however, that time of year when those of us who give our opinion for a living look back on the last 12 months, and attempt to peer into the future and predict what will happen in the next 12.
I have no illusions about my ability to do that. As somebody with a trading room background, I understand that even the smartest minds in the world can be made to look foolish by financial markets. That is why, for anything with a long term slant such as a stock portfolio, diversification is key. As I said, though, ’tis the season, so let’s take a shot…
For Bitcoin, 2014 has been a year defined principally by two clear trends: increasing adoption and acceptance, and declining value. Big names in commerce, from Overestock.com (OSTK) in January to Microsoft (MSFT) earlier this month, have begun to accept Bitcoin in payment for goods and services. This has resulted in a slow but consistent increase in the number of Bitcoin transactions in the second half of the year.

This post was published at Nasdaq on December 23, 2014.

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