Now that the year 2015 is in the books, Bitcoin enthusiasts and investors are looking ahead to what 2016 will bring for the digital currency. The past twelve months saw a record amount of VC funding flowing to various Bitcoin companies and startups, despite the not always positive news about Bitcoin. Will 2016 be the year of digital currency, or will the entire ecosystem be undermined by a certain type of user?
More and more companies all over the world are starting to see the benefits of digital currency and its underlying blockchain technology. The year 2015 has seen some spectacular numbers regarding VC investment in Bitcoin and the blockchain, and Cherubic Ventures will add another RBM 30m to that total. Funding future innovation in the digital currency and blockchain industry is never a bad thing.
The year 2015 has been quite an interesting time for Bitcoin and any company active in the cryptocurrency industry. While the total amount of funding from VC’s and business angels has been enormous during the first two-quarters of the year, things have dropped significantly during Q3. What will Q4 hold regarding VC investment? Only time will tell.
As a Bitcoin enthusiast, it is always positive to hear some good news concerning this disruptive digital currency. Mainstream media seems to be tackling Bitcoin from the ideology of it being “fake and magic internet money”, rather than doing some proper research. Luckily for all parties involved, investors are doing their due diligence before making a decision on Bitcoin. And investors in India are taking a very close look at Bitcoin right now.
Bringing Bitcoin to the masses is a much harder task than most people, at first, anticipated. Despite offering a multitude of advantages compared to the current financial infrastructure, a lot of people are wary of Bitcoin. The regulatory uncertainty around the world isn’t helping, either, in that regard. There is a lot of venture capitalist funds flowing to Bitcoin as well, more so than ever in fact.
The Bitcoin Killer App
When trying to explain Bitcoin to novice users, it’s hard to dance around the technical aspect of this disruptive digital currency. And that is made even more difficult when taking into consideration that this very technology is Bitcoin’s “killer app” in order to take it mainstream. But, what efforts are being made in that regard?
Bitcoin technology is what will bring a lot of change into our everyday lives over the next few months and into the years to come. One of the most interesting possibilities of this technology comes in the form of smart contracts. And it looks like investors all around the world see the potential from smart contracts as well, which is one of the reasons why Hedgy raised US$1.2m in seed funding last week.
A few days ago, Bitcoin payment processor BitPay revealed some interesting statistics in regards to Bitcoin in 2014. Even though a ton of “news” and “reporting” has been done about the bitcoin price, there is much more to Bitcoin than just it’s monetary value. Where do people use Bitcoin the most? Is there more trading volume? Which companies started accepting bitcoin and is it available for everyone? The answers could surprise you.
Using Bitcoin – Focusing on Wrong Markets
Ever since we at CryptoArticles have heard of SWARM, we have been avid followers of the company and the developments. We also met with a lot of people involved with Swarm, including Joel Dietz and Jef Cavens, whom we consider as good friends. We are also glad to see that Joel Dietz has made some time for us to do an interview.
Serge: Can you explain to the novices and people that just entered the digital currency community what Swarm exactly is and what it does?
Brussels will hold the very first Bitcoin 2 Business (B2B) Congress on 16th – 17th October. It will be the first event with a B2B format meant only for entrepreneurs, investors, VCs and companies. Agenda will be also dedicated to support Start-ups and their projects.
The following is a small recap of the “VC investment Opportunities in the Bitcoin space” panel that tay took place during day 1 of CoinSummit London 2014.
Panel : Barend van den Brande, Hummingbird Ventures, Jan Hammer, Index Ventures, Geoff Lewis Founders Fund, Steve Waterhouse, Pantera Capital
Moderated by Stephanie Baker, Bloomberg
Is Bitcoin trending?
Venture capitalists are more bullish on Bitcoin in the United States, so it is trending in that regard. With Bitcoin now being accepted for political donations, it will play out in different positive ways. The foundation has been laid to attract more investors.