Reasons Why Bitcoin Will Be Huge in 2015
While Bitcoin is only five years old the technology is rapidly becoming a major force across the world. Below are some reasons why Bitcoin will be huge in 2015.
Huge Increase in Venture Capital Invested in Bitcoin Companies
$260 million of venture capital has been invested into Bitcoin companies, more than 50% of that happening in 2014 alone. Investment Firms such as Andreessen Horowitz, 500 Startups, Boost VC, Pantera, Ribbit, and more, are showing a lot of support for the Bitcoin ecosystem. 2015 will only continue with this trend.
PayPal Partnered with BitPay, Coinbase, and GoCoin to Accept Bitcoin
With over 150 million registered users, PayPal is a huge player in the world of transactions. This year it was announced that PayPal will be partnering with BitPay, Coinbase, and GoCoin, to enable all PayPal users to buy and sell things with Bitcoin.
Major Companies Adopting Bitcoin
The last couple of years has been tremendous for the adoption of Bitcoin. Not only are companies like Stripe and PayPal adopting Bitcoin, but major merchants like Microsoft, Dell, DirecTV, CheapAir, LeapMotion, and 1–800-Flowers have come on board. This recent acceleration of Bitcoin adoption is all thanks to companies like Coinbase and BitPay, who are currently leading the industry in merchant services.
Major Bitcoin ETF Coming To Wallstreet
The Winklevoss Bitcoin ETF is set to go online very soon. You might remember the Winklevoss twin brothers from the movie The Social Network where they sued Mark Zuckerburg and Facebook to win 50 million dollars. Since then the twins have moved on to start a Bitcoin ETF named the Winklevoss Bitcoin Trust. Once it begins trading, expect the price to soar to new levels.
Major Bitcoin Marketing Campaigns are Occurring
In the last couple of years there has been a lot more marking campaigns happening for Bitcoin. The North American Bitcoin Car Giveaway to the most recent Bitcoin St. Petersburg Bowl in Florida, take new levels of advertising, marketing and branding that have been happening to raise awareness for Bitcoin in fun and creative ways. There are only more massive campaigns coming in 2015 and beyond.
These are just some of the reasons that Bitcoin will be huge in 2015. Stay tuned for more breaking news and updates on Bitcoin and other cryptocurrencies at Techpurge.