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.
"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.