According to recent reports and journalistic findings, it’s revealed that in 2016 over 50+ banks are invested in blockchain technology. Whether it’s Bitcoin services or blockchain technology, nearly every one of them has their hands in the cookie jar. A stark difference from a few years ago, when most banks had horrible things to say concerning this new technology after it was released. Let’s take a look at how the Bitcoin ecosystem grew and matured in the past year.
Also read: The Value of a Bitcoin: Teaching Your Kids Financial Responsibility
In 2015, Bitcoin was the best-performing currency throughout various media platforms. The digital currency has also outperformed every other sovereign currency in 2010, 2011, 2012, and 2013. Exchanges and brokerage services, selling and enabling trading worldwide has grown to over 50+ businesses. Exchange volume has increased by record numbers in Q4 of 2015 and continues to remain high in the first weeks of 2016. As the 7th year of Bitcoin’s existence commences trustworthy exchange platforms have continued to thrive.
Many new hardware devices and mining accessories have strengthened the Bitcoin community and its network. Some businesses played a pivotal role in 2015 and others will be introduced into the 2016 market bringing forth even more capabilities. The existing hardware companies have stayed agile while new startups bring different offerings. Many of these companies believe they are here to stay for the long haul.
Venture capital funding has exploded exponentially in 2015 and continues to remain healthy into the New Year. Transactions in the network have gained momentum each year since 2009 and continued to escalate higher. Bitcoins in existence now number over 15 million, and the currency is becoming more scarce to mine. Moreover, speculators believe that the reward halving occurrence taking place in July of 2016 will depress supplies and boost its price. Though the last Satoshi should be found around the year 2140, and all bitcoins will be mined into existence.
Do you see the Bitcoin ecosystem getting even stronger this year? Let us know in the comments below!
Images courtesy of Shutterstock & Crypto-graphics.com
Sources: Blockchain.info, Tradeblock Markets, Bitcoinity, Business Insider, Medium, Coinmarketcap.com, Bitcoin.com, Bloomberg