Bitcoin performed well in 2015 and became the "strongest currency"

2015 was a very successful year for Bitcoin. In fact, compared to other long-term investments, such as precious metals, Bitcoin has far outperformed them, and of course many sovereign currencies. Another hopeful sign is that more and more people are beginning to study digital currencies, including traditional top financial institutions and economists around the world.

Bitcoin has been around for seven years. In these years, traditional financial giants have gone from mocking it at the beginning to now scrambling to study the technology behind it. In fact, in 2014, Bitcoin was reported by many media as the "年度最糟糕货币" and compared with the ruble. However, in 2015, Bitcoin seemed to be reborn, and almost every major bank in the world began to reach out to this crypto cookie jar. In September this year, nine giant banks joined R3's distributed ledger alliance, including Barclays, Credit Suisse, JPMorgan Chase, etc. So far, the alliance has grown to 30 banks.

If we follow the comments of Bloomberg columnists at the end of last year, can we also think that Bitcoin will be the strongest performing currency in 2015? Blogger SG Kinsman commented in a new article that in December alone, the price of Bitcoin rose by nearly 21%. The four currencies ranked after Bitcoin were the shekel, the US dollar, the franc and the yen. He also mentioned the worst performing currency:

“It is important to note that Bitcoin, the currency used in the world’s free financial system, has appreciated the most, while the Venezuelan Bolivar, used in the world’s most socialist and regulated economy, has lost the most value (-78%).”

Bitcoin has shown signs of strength, with both volume and price showing positive momentum in 2015. In the last quarter, the price of Bitcoin has risen by nearly 100% across all major exchanges.

Transactions on the Bitcoin network also hit a new high, with Bitcoin trading volumes on major exchanges increasing by nearly 300% or more. Blockchain.info and Coinbase Wallet alone have added nearly 5.5 million users in the past year. In addition, according to data provided by CoinATMradar, nearly 500 new Bitcoin ATMs are installed around the world each month.

In 2015, the industry seems to be full of positive news. The venture capital investment in the cryptocurrency industry has grown incredibly throughout the year, approaching $500 million this year alone, and some reports say that the entire industry has received investment to date has reached $1 billion. Barry Silbert of the Digital Currency Group (DGC) believes that Bitcoin will gain considerable value in the coming months. He believes that Bitcoin is undervalued compared to traditional assets such as gold.

In Silbert's view, cryptocurrencies are a more effective hedging tool due to the current economic situation. "Bitcoin, on the other hand, is actually becoming more useful," he said. "It's becoming more useful like railroads and ledgers." Silbert and the Digital Currency Group have also seen interest in digital currencies from various industries in the financial world. Investors wanting to get a piece of the blockchain pie almost triggered a "gold rush" in 2015.

Cryptocurrency enthusiasts and investors think this is the moment they’ve been waiting for. With rising prices, an influx of venture capital, and positive media coverage, some are saying we might be in this or that, but it’s hard to predict what this means for the future.

In addition, we still don’t know who Satoshi Nakamoto is, and it seems like every year we get a new suspect. The payment network that Satoshi left us is growing every day, and it’s no longer relevant whether his identity is known or unknown.

Original article: https://news.bitcoin.com/2015-proves-bitcoin-stay/
Author: jamieredman
Compilation: Overnight porridge
Source (translation): Babbitt Information (http://www.8btc.com/2015-proves-bitcoin-stay)