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.
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.