Data Shows Bitcoin Has Radically Changed
Story by: Billy Bambrough
Bitcoin, which has exploded back into the public consciousness over the last few months due to its surging price and a raft of positive cryptocurrency developments, is still a relatively new technology, just into its tenth year.
The bitcoin price, the biggest driver of bitcoin and cryptocurrency awareness, has gone from pennies per bitcoin 10 years ago to around $8,000 and has thrust crypto into the investment limelight as individuals and institutions scramble to grab a slice of the bitcoin pie.
Now, research has found bitcoin has matured as an asset, evidenced by analysis of increasingly complex bitcoin and cryptocurrency conversations (mostly), a drop in fraud concerns, and people talking more about the future of bitcoin than the past.
Despite bitcoin being found to have matured, it remains a highly volatile asset.
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The research, from data provider Indexica and first reported by financial newswire Bloomberg, found there had been a “coming of age” for bitcoin, based on the study of the language used in thousands of text documents.
Bitcoin, which rose from under $1,000 per bitcoin to almost $20,000 in 2017, floundered in 2018 as the expected investment in cryptocurrencies from major financial institution and adoption from big retailers failed to materialize.
Original story: https://tinyurl.com/y2h7ncgs
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