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has Bitcoin become Boring?

5/12/2014

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Has Bitcoin become boring?

Bitcoin Network Capacity
The Bitcoin network capacity is 67.7PH/s this week and was 63.5PH/s. The past three weeks have hardly made any increase in mining hardware. This marks an increase of 106% in three weeks.


Bitcoin Market Capitalization
The Bitcoin market capitalization has slowed down as well. Currently, at $5.6B, and was at $6.4B for the past few weeks. 

What does all this mean...It means Bitcoin has finally become stable, predictable and is possibly ready for utilization within the larger financial community...Unfortunately, a side effect of this is the raging roller coaster has slowed down and now appears boring in comparison.

Bring on the boredom in order to spur more investment.

Virtex Canada - 10 day chart

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BTC-e - 10 day Chart

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