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Bitcoin supporters hope the cryptocurrency has booming 2015

Bitcoin's valuation has volatile throughout 2014, but more businesses and consumers have shown interest in the cryptocurrency - what does 2015 hold?
By: Michael Hatamoto | Business, Financial & Legal News | Posted: Dec 31, 2014 10:03 pm

The bitcoin cryptocurrency was expected to make a major impact in 2014 - and while interest in the volatile payment infrastructure increased - its value dropped 70 percent year-over-year. However, bitcoins are expected to draw a significant amount of headlines in 2015, even with values dipping closer towards $300.

 

bitcoin-supporters-hope-cryptocurrency-booming-2015_01

 

"Regardless of the price, it was a huge year for bitcoin," said Sonny Singh, BitPay chief commercial officer, in a statement to CNBC. "A year ago people didn't know if bitcoin was a fad, but today it's for sure that it's going to stay for a long time."

 

Consumer adoption increased in 2014, with Microsoft, Dish, Overstock.com, Expedia and other major companies announcing they would begin accepting bitcoin payments - as Coinbase, BitPay and other bitcoin companies helping provide stability in the cryptocurrency ecosystem.

NEWS SOURCES:Cnbc.com, Image.minyanville.com

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