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Bitcoin - Almost Mainstream?

6/7/2014

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Bitcoin continues it's drive to hit the mainstream media and public consciousness...It it succeeding?  

Now that Dish Network (US satellite) and Afghanistan girls are able to access the digital currency, we are clearly seeing adoption at both ends of the mainstream spectrum. 

The fact that American consumers and Afghanistan children can both access the same decentralized currency is truly amazing....Because they are politically, literally and economically worlds apart. The most satisfying part of this is lack of government cannot hold back access to the Bitcoin ecosystem. 

Bitcoin Network Capacity
The Bitcoin network capacity is 90PH/s this week and was 79PH/s to 82.12PH/s. This is showing limited growth in mining hardware performance due to the immense calculations required to make even a marginal impact in the overall network performance. 

Bitcoin Market Capitalization
The Bitcoin market capitalization has stabilized this week. Currently, at $8.1B, and was at $8.4B last week. 

Overview
What does the future hold for Bitcoin pricing....Let's peer into the crystal ball....$800/BTC by August, 2014. You heard it here first and we just broke the $700/BTC barrier this week. 

BTC-e - 10 Day pricing

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Virtex Canada - 10 day pricing

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    The site author has been interested in Bitcoin since June, 2011 and is extremely excited to see the future developments of this digital currency.

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