Bitcoin Ends 2015 as the Best Performing Currency of the Year
Bitcoin has dramatically ended 2015 as the best performing currency of the year, surpassing the growth rate and value of both emerging and dominant currencies including pound sterling, Japanese yen, Chinese Yuan and the US Dollar. Similar to its success in 2010, 2011, 2012 and 2013, bitcoin has recorded a staggering 26.23% yearly increase, overtaking the world’s top performing currencies such as the Indian rupee, Saudi Arabian riyal and Indonesian rupiah, by over 500%. The significant increase in the value of bitcoin derives from the growing interest and skyrocketing demand from investors....
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After a year filled with its share of doom and gloom, the verdict is in: Bitcoin won 2015. As trumpeted by headlines in CNBC and Bloomberg, bitcoin was the best-performing currency of the year, netting near-40% gains, more than double its nearest competition, the Somali Shilling and Gambian Dalasi. The development contrasts with bitcoin's performance from 2014, in which it lost 56% of its value, the most among global currencies. A look at the CoinDesk USD Bitcoin Price Index (BPI) from October on reveals an impressive upward arch that contrasts with the choppy peaks and valleys of the....
Bitcoin finally had a successful comeback towards the end of 2015, declared by many as the “Year of the Blockchain.” With all the hype surrounding Bitcoin and the blockchain during 2015, there has been much speculation towards next year’s approach to cryptocurrency. As 2014 was filled with scandal, Altcoins, and ending up being the worst global currency of that year. The New Year is approaching, and many are wondering what to expect from the fun and volatile world of Bitcoin. 2015 has proven well for the digital currency, showing remarkably better performance than in 2014. Bloomberg....
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....
This year has been a pretty solid year for the digital currency Bitcoin. In fact it has performed better than other long-term investments such as precious metals and also many sovereign currencies over the course of 2015. Another promising sign is that the virtual money is being rigorously researched by everyone including some of the top legacy finance....
2015 was a banner year for bitcoin. It brought some key developments for the digital currency’s acceptance, particularly by the financial sector. But like every year since its 2008 debut, bitcoin’s progress came with challenges. Bitcoin has not been embraced by enough consumers, businesses and government to be called a mainstream currency or commodity. 2015 brought more signs that it is on the right path, and its naysayers have never been more discredited. There is no question that 2015 has brought a change in tone of the conversation surrounding bitcoin.