The news for the year 2013 was "BITCOIN TO THE MOON". Despite all the negative press, Bitcoin thrived in 2013.
bITCOINNEWS.CA - YEAR IN REVIEW (STORIES)
Bitcoin hardware shown for the first time at CES.
Butterfly labs shows chips, Avalon product launched, BTC ATM shown, BTC Price hits $31 (all time high price)
BTC hits $1B market capitalization, BTC price doubles to $60,
Butterfly labs shows product.
BTC pricing roller coaster, $1.5B market cap, Bitcoin usage in Germany.
Kevin O'Leary (Dragon's Den) on future of BTC, Butterfly labs final product.
BBC, Facebook founders, PC World discuss Bitcoin.
Bitcoin Explained, Price around $90, TED Talks bitcoin, World wide acceptance grows, Bitcoin Documentaries.
BTC hits $140, LEWEB Conference, Send BTC via text message, Bloomberg lists BTC internally, Nintendo BTC mining.
John Stossel, Terrahash folds up shop, Bitcoin in Oxford Dictionary, Mining hardware payback.
BTC Atm opens in Vancouver, Price rises from $80-200, BTC market cap is $2.0B, KNC Shipping mining hardware.
Bitcoin hits mainstream media and retailers, BTC price rises from $200-1200, www.Bitcoinnews.ca website 1st Birthday.
Price falls from $1200 --> $500, Music artists accept BTC, Price recovers to $700, Dogecoin launched, Bloomberg 12 days of Bitcoin.
Bitcoin Market Summary - Dec 31 - year end
There are additional positive signs for the currency as well.
The Bitcoin network capacity was 9713TH/s last week and is now 9918TH/s. The Bitcoin network is now 102% over the span of this week. This is occuring despite no major ASIC developers shipping until Q1 2014.
The Bitcoin market capitalization is $9.8B this week. For perspective, it was listed at $1.652B --> $2.504B --> $4.0B --> $6.4B --> $10.4B --> $14.8B --> $12.9B --> $11.9B --> $8.27B over the last few weeks. It is in recovery mode from the recent drama surrounding BTC in China...See our last post.
What do we expect next in 2014....Who knows?? Let's guess!!
Peering into our crystal ball....We predict $1500/BTC by March 2014. Let's see how this prediction holds up over time.