The Enigmatic Future Of Bitcoin
Bitcoin is a form of digital asset that is generated and stored electronically. This is not controlled, regulated, nor is it monitored by the government. Bitcoins cannot be printed; they are produced by people and are growing increasingly popular among businesses. While people consider Bitcoins as the future of online payments, they are not aware of the fact that investments in Bitcoin startups have fallen drastically this year.
As demonstrated by the figures below, the investment in Bitcoin startups increased a significant amount from the first quarter of 2014 to the last quarter. However, 2015 does not seem to follow the same pattern unless some kind of miracle happens.
After a stellar round of venture capital investments, peaking at $230 million, in the first quarter of 2015, the bets on Bitcoin startups started slowing in the second quarter, at about $145 million, and even more in the third quarter of this year down by 41 percent in the two quarters this year.
The VC investment trends might not accurately evaluate the enigmatic future of this form of online-payment although it gives us something to think about. This is because the overall investment has risen in the year 2015 in comparison to the previous year. In addition, the European Court of justice ruled that Bitcoin currency exchange is not liable to value added tax (VAT).
In conclusion, the investments, in the third quarter of 2015, are the lowest amount of any quarter since $75 million in the third quarter of last year. This, accompanied by a downward trend this year, is not a very positive pattern for this crypto-currency as it had already faced criticism after Secret Service agent, Shaun Bridges, admitted to $820,000 in Bitcoin theft in August of this year.
The lack of knowledge on Bitcoins, along with the headlines that Bitcoin is making for all the wrong reasons might have induced a sense of uncertainty among the investors. Taking all of these trends, headlines, and clairvoyants into account, the future of Bitcoin is a very interesting one!
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