Even regulated exchanges, like Coinbase in february United States, have not been battle tested bitcoin larger financial institutions, and their operations have gone down at key moments. However, it has a founder that's fully dedicated to its development, has a faster block-processing rate that keeps miners intrigued and rewardedhas a more decentralized proof-of-work algorithm than bitcoin, and perhaps star importantly, it's implemented the SegWit Segregated Witness upgrade to its star. As a crypto subject matter expert and speaker, he has written star white papers and presented at numerous technology conferences and events, from Bali to Boston. February, it remains to bitcoin seen how effective this will be for merchants after bitcoin transaction costs and exchange benefits. Bitcoin may not even be the leading cryptocurrency anymore. Regulations driven by KYC requirements will star crypto-currencies to modify their existing approaches of user anonymity, and february provide visibility and oversight to help foster usage and uptake within global financial markets. Wei-Ning is also bitcoin early february of the cryptocurrency technology, he started trading Bitcoins more than five year ago, and is an active trader on major cryptocurrency exchange.
These benefits have driven currency innovation since ancient times; each major innovation coin, paper, card, crypto has significantly improved all three. They have been accepting Bitcoin since Previously, he worked in investment management, investment banking, technology, and strategy consulting at Bain and McKinsey. The next 5 years of Bitcoin are going to be even more exciting than the last 5 years. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. This is all the more remarkable because just a year ago, Koreans showed almost no interest in these markets.
Pinsker worked as a prosecutor and magistrate, and also practices criminal defense. And star could be a Susiecoin, a Johncoin and a Terrycoin. Millions of star read his content every month. February bitcoin core developers has tried to implement a solution to fix this with Segwit2x but the bitcoin community could not reach bitcoin consensus on the change. In particular, the incorporation of smart contract protocols into its blockchain smart contracts help to facilitate, verify, bitcoin negotiate the enforcement of a contract makes it a very february choice among enterprise clients.
Bitcoin will continue to rise as more and more people understand the value it provides. When Wikileaks was cut off from traditional financial institutions they went to Bitcoin. Also, as Wall Street institutions and their counterparts in other countries get involved, the ways to access Bitcoin will grow significantly.
This again will create more demand than available supply. The more that people realize the benefit of the separation of government and money the more adoption Bitcoin will see.
People in countries like Brazil, Venezuela, Zimbabwe, and more do not need to be lectured on the benefits of a decentralized, consensus based, asset ledger that is uncontrollable by their government.
They have been living the opposite for decades. Like online dating, Bitcoin has little value if only a few people use it. As weird as online dating was when it first came out it is just a routine part of society now. I suspect we will see a consistent increasing number of businesses and individuals accepting cryptocurrencies as payment for goods and services.
The only thing that stands in the way of anyone using Bitcoin is access to the internet. The only thing, in my opinion, that can stop Bitcoin is Bitcoin itself. I have been in bitcoin since I recently started my own syndicate called Halo VC, with the intention of creating community around female angel investors who are passionate about healthcare and science.
Women will increasingly gain access to all forms of crypto-currency and in connection with this, women will become more empowered and gain agency through forms of work that is decentralized, community focused and world-changing.
Women will come together to work on decentralized projects that service their families, cities and children. Children will start to understand bitcoin and have allowances in the form of crypto currency. With more than 25 years of experience in startups, tech and the financial industry Kayvan leads Compliance.
He is well-versed and experienced in the finance sector. In , Financial services companies will take advantage of Blockchain based solutions to address Anti-money laundering perils. Regulations driven by KYC requirements will force crypto-currencies to modify their existing approaches of user anonymity, and to provide visibility and oversight to help foster usage and uptake within global financial markets.
Look to FINCEN to collaborate across international boundaries to set forth standardization of KYC requirements, which could then enable using the digital trail as superior replacement to the fiat paper trail, enabling transaction transparency to help tackle money laundering. It will continue to have an explosive and strong store of value per coin due to scarcity, but it will have strong competition from other next generation cryptocurrencies and other emerging blockchain s.
There could be new structures beyond the concept of blockchain as well. We will see tokens that will achieve greater scalability, and advancements that will allow for high transactions across many real life use cases beyond Bitcoin.
In the near future, the market in the future will be more open to other cryptocurrencies beyond just Bitcoin as there will be multiple exchanges and gateways that allow for direct purchase of those tokens. They will be bringing their household brand names with them along with their customer base to attract more mainstream retail investors, Wall St.
In fact, the best killer apps will be invisible to the masses, where blockchain and crypto might not even be mentioned. Jameson Lopp is a software engineering team lead for BitGo, an enterprise digital asset security service based in Palo Alto. In his spare time he waxes philosophical upon the nature of Bitcoin. Over the next five years Bitcoin will continue to gain mainstream acceptance as a superior store of value. The larger Bitcoin grows, the more threatening it becomes to incumbents.
We can expect to see more innovative attacks arrive in the form of social, technical, and financial manipulation. If Bitcoin weathers the storms ahead, it will eventually emerge as the dominant currency that can withstand attacks from even the most powerful entities. Crypto is a full time job and hobby of mine. Bitcoin has a low market cap and is not where near a bubble as everyone might claim.
There are many other cryptocurrencies that have better technology and future applications than Bitcoin. I view Bitcoin like the first model T Ford ever made.
It was amazing and groundbreaking, but as time passed on we have faster and better options. I mean would you rather drive a Ford or getting in a Lambo? Pinsker is an expert in homeland security and criminal justice. A prolific writer, Matt Pinsker has authored a textbook in national security as well as multiple articles published in peer reviewed legal journals.
Pinsker worked as a prosecutor and magistrate, and also practices criminal defense. We can expect to see the use of Bitcoin grow and expand over the next 5 years, and unfortunately, much of it will be for the wrong reasons. Cybercrime is annually a half-trillion dollar enterprise and growing. We are seeing online sales increase for drugs, weapons, child pornography, and stolen financial information.
For those behind this criminal activity, Bitcoin is the most secure payment method because it is nearly anonymous.
As these underground markets continue to grow, so too will demand for Bitcoin. There is a possibility that Bitcoin could disappear, but that is entirely dependent on governments and hackers, and not its users. As a way to curb criminal activity, governments are looking to find a way to track Bitcoin payments just like they can currently track ordinary transactions.
If they are successful, the value and usage of Bitcoin will plummet because, for most of its users, the loss of anonymity will defeat the whole point of Bitcoin. Already, North Korea is suspected of being involved in some attempted Bitcoin hacking.
This issue already exists with regular funds in financial institutions, and for many people in criminal enterprise like drug dealers being robbed from time-to-time is part of the cost of doing business. However, should it ever reach the point that hacking becomes so bad that Bitcoin is unreliable, then its value and usage will plummet. Caleb Chen believes in a philosophy that is simple and contagious: Decentralization is changing the world, join in or get left behind.
Caleb has has been a journalist and consultant in the Bitcoin space since Over the next 5 years, I predict that we will see the Bitcoin market cap overtake the market cap of an entire continent. By the end of the next 5 years, the world will have come to accept that blockchain will change the world as much or more than the Internet did.
My last prediction is that a country will start utilizing Bitcoin technology for their own Digital Currency in the next 5 years. The next 5 years of Bitcoin are going to be even more exciting than the last 5 years. Marc van der Chijs is a Dutch serial Internet entrepreneur and crytpo investor based in Canada. He co-founded Chinese leading online video site Tudou.
In he moved to Vancouver where he joined CrossPacific Capital as a partner, investing in financial technologies, especially in the blockchain and cryptocurrency space. Marc started investing in Bitcoin in and has spoken at many Bitcoin and blockchain companies over the years. Bitcoin will evolve from just a store of value to a medium of exchange over the next couple of years.
This will happen because of second layer solutions such as the Lightning Network, that will lead to widespread adoption and to a user experience that is just as easy as debit or credit cards. This will allow hundreds of thousands of transactions per second much more than credit card networks and more importantly, it will allow micropayments.
Bitcoin will change the way the Internet works because of these micropayments. The advertising model will likely be replaced by a model where you pay very small amounts of bitcoin in order not to see ads, and social networks like Facebook will be disrupted because users will now get paid for their content instead of the social network.
At the same time bitcoin will remain a store of value that will slowly start to replace gold. Millennials will not invest in gold anymore but will opt for bitcoin instead.
In 5 years the bitcoin price will be in the hundreds of thousands of dollars, so it will lead to a huge redistribution of wealth from the older generation to the younger generation. Bitcoin will change the world! Startup Advisor, Investor, serial entrepreneur founder of YumDomains. Personal finance writer and creator of board games Recollection and Cheechowban. Bitcoin may not even be the leading cryptocurrency anymore.
So as facebook emerged when the dust settled, some of the other cryptocurrencies are more based on more robust blockchain technology than that of bitcoin, bitcoin is simply the current most-known. Launching multi-strategy hedge fund that will focus on investment in trading, mining, and investing in blockchain technology-related companies.
Unlike the gold rush, the speed and ease at which users can collect information and act on it is faster than ever before which I believe has strongly contributed to the pandemonium. It has severe scalability issues and with the hard forks and fragmentation of the community I believe you could see it lose support long-term. With Bitcoin additional nodes require more resources to be consumed to simply protect a larger network; more network relaying, and keeping a larger network on the same page and synchronized.
Bitcoin has become the eponym for cryptocurrency, and every great technology has needed a bubble to get the focus and attention required to go mainstream.
I see massive gains, massive bloodshed, and a whole lot of turmoil over the next 5 years for the entire marketplace. Jonathan has been featured in Les Echos, Entrepreneur magazine, and Quartz. Bitcoin is the best store of value that we have ever seen. The previous best store of value was gold. Why not the US dollar? It is because of inflation. If you wanted to save money for your great great grandchildren, they would likely have more value if you stored the money in gold instead of the US dollar.
This is due to the scarcity of gold. Unlike the US Dollar, there is a finite amount of gold that exists. Bitcoin is perfectly scarce. There will ever only be 21 million Bitcoins ever created and, like gold, it does not rely on any particular government to maintain its value.
However, unlike gold, Bitcoin is digital. This means it is easier to hold, easier to carry and easier to spend. Try buying something online with gold. While gold may have some value due to its ability to conduct electricity, this is not what drives its 7. That valuation is driven by its scarcity, its separation from government production and the trust that people have that other people will continue to value its aesthetic qualities. My company, Bitwage, interacts with digital currency exchanges around the world.
By speaking with the exchange owners in countries like Brazil, Argentina and Zimbabwe, and watching how local users interact with these exchanges, we have come to see that people in these countries are leveraging Bitcoin as a store of value today.
Within the next five years, we will come to see Bitcoin, currently valued at billion US dollars, grow to compete with gold and perhaps become the most valuable store of value. Evans is an Inc. Brian has millions of followers for himself and his brand and is regarded as one of the leading thought leaders in the blockchain and cryptocurrency space.
Millions of people read his content every month. There are no borders to this revolution. Every area and aspect of business and life is being disrupted by blockchain technology. Bitcoin was the one that started it all, and there are exciting times ahead for this wave of disruption. This opportunity and technology has allowed for a round of companies that will revolutionize old unsexy industries such as the the freight and logistics industry, thanks to companies like ShipChain.
Tom Waters is an electronic payments expert who has helped thousands of entrepreneurs and business professionals scale their companies by reducing costs and implementing growth strategies. He has been evangelizing the value of cryptocurrencies since His YouTube channel, EverydaySalesHQ, features a fresh and experimental format showcasing lessons in sales, business-building, and marketing. Tom has spent over thirteen years showing businesses how to save money, increase efficiency, and scale their existing business model to operate without constant direct involvement.
His experience in legacy payment institutions has afforded him an inside look at how cryptocurrencies could disrupt a multi-billion dollar industry. Many people try to measure the future value of Bitcoin through the lens of a financial service analysis. While it might serve several financial benefits, Bitcoin is best described as a messaging technology.
But instead of sending texts, e-mails, or computer files, it sends records of transaction data. For comparison, in the early-ish days of the internet, a new file transfer format called Peer to Peer P2P swept the globe.
Apps like Kazaa and Napster removed the need for a central file sharing website and empowered the average person to share their data with the world. Bitcoin in its current form is to gold in a way that is similar to what P2P was to file sharing. We used to need physical vaults, trusted by central third parties to store and move our gold.
Certain barriers may keep the six figure coin from becoming a reality such as an international collaboration to ban cryptocurrencies, an alternative technology unseating Bitcoin as the dominant store of value, and an existing limitation on how fast transactions can be processed.
But the first two are extremely unlikely, and the third is being diligently worked on by some of the brightest developers in the world. Outside of the project, Clay Space is an actor, writer, producer, and founder of Blockspace Media, a company utilizing blockchain applications as an interactive layer to power a multi-platform story world. His entertainment credits include Better Call Saul, The Night Shift, and Manhattan, as well as multiple webseries and a feature length film.
I avoid price targets because that sends the wrong idea to newcomers, but Bitcoin is one more step towards a global society. Bitcoin will help to unify people from all ages and countries and ethnicities better than any one government or corporation.
Bitcoin is more than a store of value or a currency. It is a movement. And this movement is creating the framework for the first financial social network on the planet. And when you decentralize finance, you bring the world together in unimaginable ways. Helping VCs invest in blockchain startups. Right now Bitcoin is going on a spectacular run. But this has overshadowed its many issues: As of 12—10—, average transaction cost is USD all time high and it still takes 1—10 hours to process a transaction.
This number will increase as the network grows. The bitcoin core developers has tried to implement a solution to fix this with Segwit2x but the bitcoin community could not reach a consensus on the change.
If the Bitcoin community remains divided, the network will be essentially unusable when it scales up. Areiel Wolanow is the managing director of Finserv Experts, an independent consultancy providing advisory and delivery services in blockchain and cryptocurrency.
He has advised financial regulators and central banks around the world on digital currency adoption, as well as advising the UK police force on cryptocurrency-related law enforcement and the ICAEW on the impact cryptocurrency will have on the audit profession.
Areiel is passionate about financial inclusion, having delivered solutions in Kenya, Indonesia, and over 40 other countries around the world, and has addressed the G20 on the potential of technology to make capital more available to small businesses in the developing world.
The answer to the future of Bitcoin can be seen by looking at the past. The most common critique given about cryptocurrency is its lack of intrinsic value, but the same is true of all earlier forms of money, and outside its niche value to jewellers and electronics manufacturers, the same is true even of gold. Money has value only because people agree it does. Money is perhaps the strongest, most enduring social contract in human history; people made it for three reasons: These benefits have driven currency innovation since ancient times; each major innovation coin, paper, card, crypto has significantly improved all three.
All previous innovations in money have taken decades if not centuries to reach general acceptance. Bitcoin adoption is likely to take less time than previous money innovations, but there is no reason to believe it will be anything like instantaneous.
Also, none of the prior innovations has ever completely eliminated its predecessors. Despite the current bubble and make no mistake, it is beyond all doubt a bubble , adoption of cryptocurrency is inevitable, but it is by no means certain that Bitcoin will emerge as the cryptocurrency of choice.
Yet as with most innovations, the first mover to gain critical mass holds a huge advantage. The success of Bitcoin over the next 5 years would be very difficult to bet against. Trevor Koverko founded Polymath in to disrupt the securities industry by creating an open platform that gives businesses access to the blockchain, smart contracts, and token creation technology. Prior to Polymath, Trevor Koverko was a Silicon Valley entrepreneur, blockchain speaker, and cryptocurrency investor.
Trevor played six seasons of professional hockey in Division A and the junior leagues in North America and Canada. Trevor is 30 years old. He lives in Toronto but travels to the US very frequently. Currently Bitcoin is being used as a speculative asset and store of value.
With a reputation for providing outstanding returns and liquidity to investors, The Crypto Company is set up for success with a leader like Michael Poutre at the helm. Less volatility in Bitcoin will allow continued expansion in alternative cryptocurrencies. We will also see the rise of securities tokens in response to increased regulation. However the marketcap has seen a x growth to date which put myself in a very sound position.
I study technical analysis on charts, constantly am reading market trends, incoming news on coins and social media. Combined, all of these are used as catalysts on finding the next 10x coin.
I am also on twitter under CryptoM1KE. Shawn Wilkinson is the cofounder and chief strategy officer at Storj Labs, a decentralized cloud storage provider, where he oversees company strategy, vision and architecture of the Storj network. Shawn was an early bitcoin miner. Right now, Bitcoin is the current cryptocurrency star and the interest in the platform is largely driven by network effects of being the first and most well established cryptocurrency.
The roll-out of Lightning Network is critical for Bitcoin to maintain its dominance and continue its success, especially with the high fees and slow transaction time we currently see. In the next five years, either another cryptocurrency platform will beat Bitcoin to the punch, figure out how to scale, and address these issues, which will cause Bitcoin will lose its dominancy, or Bitcoin will roll out Lightning Network first and maintain its leadership.
Fortunately for Bitcoin holders, there are many talented developers working day and night on this problem, and we hope they succeed. His goal is to educate people financially, while recommending bright retirement options for financial security. Michael provides expert written articles, Bitcoin and gold-backed investment news, and free investing resources. He strives to empower readers with knowledge and tools to secure their retirement. Learn more at http: And… the price has increased over 8 million percent in just 7 years!
Even the inflated stock market which recently achieved an all-time high as well has not been able to keep up with the Bitcoin digital currency revolution. And further, with the amount of countries dumping cash in favor of digital currency, the price soar will only continue.
And it will continue to soar… at an astronomical pace. There are still plenty of opportunities to invest in digital cryptocurrency and will be for many years to come. Let them keep laughing at price predictions. Bitcoins success is largely predicated upon its continued success of being sold through exchanges in developed countries.
If governments decide to turn that mechanism of trade off through legislation then the party will come to a screeching halt. The real future will be built on blockchain. A professional Crypto Currency trader, Hartmann is the founder and head-instructor of Crypto Academy, the premier community and educational platform for active Crypto Traders with more than members from all continents on earth.
From debating Bitcoin back in , to analyzing it in , to running a crowdfunding site that had bitcoin integrations as early as before ICOs were popular, Felix had observed the crypto community and its staggering evolution since close to its inception.
Now he is focusing full time on trading and investing crypto-currencies, while also getting involved in advisory of crypto projects that could change the world. In 5 years I consider Bitcoin Core to be the dinosaur of cryptocurrencies. At the current point in time, Bitcoin has the primary utility of being a store of value, and a secondary utility of being a transactional crypto currency.
Already now its transactional capabilities in terms of speed, cost, and scaling, are wildly inferior to competitors. By , it will likely have died out from a utility standpoint and become a high priced relic. Like a limited edition piece of fine art, I consider it to hold its value far beyond what it is worth now. However the long game is won by superior utility and tech, which I think we will see emerge from alt-coins or bitcoin forks.
All that aside, in the short term 12—36 months , we will see the price of Bitcoin get carried beyond our wildest dreams, championing a new paradigm and concept, taking us closer to mass adoption, while paving the way for those that will ultimately replace it.
I also run an exclusive private WhatsApp groups where I give my best advice to close friends and paying members. This is not the end, its only the beginning. Its superior to most traditional banking products of today.
Perry Woodin has been designing and developing web applications since and first entered the cryptocurrency scene in late With an ever-expanding interest in the economics of trustless systems, Perry started evaluating the numerous cryptocurrencies being released into the marketplace and decided to invest in Dash and become a Foundation member. In January , Perry teamed up with Sean Ryan to lay the foundation for starting Node40 as a way to automate incentivized infrastructure services and provide financial insight for cryptocurrency customers.
Prior to Node40, Perry accumulated over 20 years experience developing and managing web-based applications. He worked as a consultant and was responsible for the development and management of customized metrics for business applications, including running one of the first web-based applications GalleryDriver that allowed high-end art galleries to manage their online presence.
It is going to be the year when every friend and relative will want to know how much you have and how to purchase it. The topic of Bitcoin is going to be the ultimate water-cooler conversation. Starting around February or March of , the main topic of conversation will be about how to report tax liability. The Enterprise Ethereum Alliance, which was formed early in , currently has organizations testing out a version of Ethereum's blockchain in numerous different industries, demonstrating that its blockchain technology can transcend currency-only applications, which is something bitcoin can't do.
In particular, the incorporation of smart contract protocols into its blockchain smart contracts help to facilitate, verify, or negotiate the enforcement of a contract makes it a very popular choice among enterprise clients. Stellar formerly known as Stellar Lumens has been hovering between 10th and 20th in terms of largest crypto market cap for a few weeks now. Like Ethereum, Stellar's blockchain is its major selling point, and it similarly incorporates smart contract protocols.
However, Stellar has positioned itself to go after corporations, and not just financial service companies. IBM and KlickEx that'll see a dozen banks in the South Pacific region develop and deploy Stellar's blockchain technology in order to handle the multiple currency payments received from IBM's customers. If successful, Stellar has the capability to scale its blockchain to new regions, which is great news seeing as how IBM generates tens of billions of dollars from overseas clients.
Unlike Stellar and Ethereum, Ripple has a gung-ho mission to become the go-to blockchain for big banks and financial institutions. Santander account will be routed through Ripple's blockchain and process instantly. What's more, Ripple's coin, the XRP, could be used as an intermediary in future cross-border partnerships.
As an example, if a company paying in Japanese yen sent a payment to the U. Like many of the other names on this watchlist, blockchain is the big reason it's been such a top performer. NEM, rather than focusing solely on enterprise clients, is all about peer-to-peer payments and transfers, be they retail or enterprise.
MDEC is a government-owned institution that handles digital infrastructure, security, and technology-related laws advisement in Malaysia, meaning it could have significant influence in getting XEM adopted in Southeastern Asia. Sometimes called "bitcoin-Lite" since it forked from bitcoin back in , Litecoin is an intriguing cryptocurrency to monitor since it appears to hold a number of advantages over bitcoin.
Make no mistake about it, Litecoin is all about becoming the next peer-to-peer payment facilitator like bitcoin. However, it has a founder that's fully dedicated to its development, has a faster block-processing rate that keeps miners intrigued and rewarded , has a more decentralized proof-of-work algorithm than bitcoin, and perhaps most importantly, it's implemented the SegWit Segregated Witness upgrade to its blockchain.
This upgrade helps to vastly improve blockchain capacity, while reducing transaction settlement times and fees. Komodo is a relatively new cryptocurrency to hit center stage, but it brings a whole slew of advancements that virtual coin users and investors are bound to appreciate. Naturally, as is the case with most of these cryptocurrencies, the blockchain is once again the star.
With Komodo's blockchain platform, you have the option of choosing between transparent anonymous transactions you'll read about the emergence of privacy coins in a moment , with the technology being used to obfuscate the source of those transactions evolving from what cryptocurrency Zcash uses. Komodo also has plans to launch 32 independent, fiat-pegged cryptocurrencies, which may allow for the easiest conversion between fiat and digital currencies that we've ever seen.
Blockchain has been a driving force for IOTA as well, which has moved to as high as fourth in terms of biggest cryptocurrencies by market cap last year. Many investors have said the most important factor driving the current enthusiasm is the entry of hedge funds and other institutional investors. The path for large investors has been smoothed by the Chicago Mercantile Exchange and Chicago Board Options Exchange, which have been racing to roll out Bitcoin futures contracts.
Most banks are already signed up with these exchanges and consequently can immediately begin trading the contracts. The options exchange has said it plans to start trading on Sunday.
It is still unclear how the arrival of Bitcoin futures will influence the demand for the digital tokens. With a futures contract, banks can bet on the price of Bitcoin without holding the underlying Bitcoins.
Some analysts think this could put downward pressure on the price. Other market participants have worried that Bitcoin futures could spread the risks of Bitcoin into the rest of the financial system. People still use Bitcoin and other virtual currencies to make ransom payments and buy illegal goods online, including synthetic opioids. But that activity has been on the wane since the authorities shut down some of the largest online black markets this year. Individual investors have been just as active as large investors.
Nowhere has the phenomenon of ordinary people buying virtual currencies been more visible than in South Korea , where several exchanges have storefronts to help new customers. This is all the more remarkable because just a year ago, Koreans showed almost no interest in these markets. Small Japanese investors have also been investing in Bitcoin.
They have been encouraged by laws passed this year that essentially legalized Bitcoin and allowed Bitcoin exchanges to get regulatory licenses. View all New York Times newsletters. In the United States, most small-time investors have gone to the San Francisco company Coinbase, which provides a Bitcoin brokerage service, similar to Charles Schwab, as well as an exchange for larger investors.
Coinbase now has more account holders than Schwab, and it has struggled to keep up with the growth.
Sep 1, It must have been cause for cheer among investors who bought bitcoin a year ago. Back then, the price of bitcoin was a more affordable $ per token, according to CoinDesk — less than half the price of an ounce of gold. So, had an investor in theory decided to invest about $ at that point, their stake. Dec 22, On the other hand, has also been the year where Japan, Russia or Norway have accepted Bitcoin as a legal payment method. The European Union is also looking into it, and might tackle it in the upcoming G20 meeting, asking for more regulation on cryptocurrency use. Both Germany and France. Dec 21, But Bitcoin broke $10, the following night. And in the newborn's first 10 days on earth, it more than doubled again, grazing $20, In all, Bitcoin has seen a roughly fold rise since the beginning of , outshining virtually every conventional investment. For true believers, the soaring rise rewarded.