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Bitcoin - resurgence 2.0

5/31/2014

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Mark Twain, "The rumors of my death have been greatly exaggerated"

Bitcoin, like Twain has been written off for dead many times over the past 4+ years. 

Currently, thanks to Overstock.com, Dish Network and small businesses around the globe, Bitcoin again is making baby steps into the mainstream psyche of the world. However, like a newborn learning to walk, it has fallen a number of times and likewise incurred the bruises to prove it.

Bitcoin Network Capacity
The Bitcoin network capacity is 79PH/s this week and was 82.12PH/s. The past three weeks have seen a slight decline in mining hardware performance.

Bitcoin Market Capitalization
The Bitcoin market capitalization has surged this week. Currently, at $8.1B, and was at $7.3B, $6.4B for the past few weeks. 

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.

BTC-E - 10 day price

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Virtex Canada - 10 day price

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