With the record year bitcoin has had, here’s a look back at the Investing News Network’s most read bitcoin stories of 2017.
A year ago, many bitcoin buffs and analysts would not have predicted that the cryptocurrency would reach its current high of $16,973.76 on Thursday (December 7).
The digital currency entered the year at $997.69 and, since then, has increased by an astounding 1,600 percent and arguably confirm to bitcoin skepters that the cryptocurrency is–indeed–an asset class.
Over the last 12 months, the Investing News Network (INN) has written countless bitcoin-related stories. As our most popular bitcoin stories show, investor interest in the digital currency is at an all-time high and shows no signs of slowing down. Contnue reading to see the five bitcoin news stories that received the most attention from our audience this year.
If you missed them when they were first published–it’s not too late–you can read them below.
Our top read bitcoin article of the year goes to this piece writen in June, shortly after cyberattck NotPetya rippled through Ukraine and Russia.
At the time the article was written, bitcoin was a measly $2,827.14 and analysts at the time projected the digital currency would close the year at $4,000 a token. Back in June, the road to $1 million bitcoin was considerably more far fetched, but with the rising threats of ransomware attacks that demand bitcoin in return for stolen information, it was–and evidently still is–a conversation worth having.
Now that bitcoin has slammed those previous expectations, $1 million per bitcoin seems more likely than it did six months ago.
While not an INN exclusive, the infographic in the above article put together by Bitcoin Play was a popular read among our bitcoin investors this year.
For first time investors, Bitcoin Play’s infographic is a helpful resource that provides an overview of the last 10 years of bitcoin with everything you need to know.
When this particular article was written in late May, the bitcoin price had–in fact–reached an all-time high, which is slighly misleading now, almost seven months later.
Still, the article provides interesting insight as to the performance of the digital currency early on in the year. At thet time, bitcoin climbed above $2,000 for the first time to reach $2,400, due in part to the WannaCry ransomware attack that spread across 300,000 computer units and over 150 countries in May.
Not long before that, Japan had officially adapted the cryptocurrency as a method of payment, while talks of Russia considering it a method of payment by 2018 were also swirling.
It should come as no surprise that the majority of the top bitcoin articles are related to its rising price over the year. At the time of writing this article, bitcoin had slammed another record, reaching $3,500 for the first time in early August.
To answer the question of “How High Can the Bitcoin Price Go?” now, several months later, it appears as though the limit doesn’t exist.
Closing out our 5 top bitcoin stories of the year is an interview conducted in June with David Morgan, who is more widely known for his thoughts on precious metals.
“[Cryptocurrencies are] the hottest thing going,” Morgan told INN. “And the volumes are increasing, which means it’s sustainable. So it’s high, and as quickly as it’s rising, I expect to see it continue for some time.”
For more on what Morgan had to say, watch the video below.
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Securities Disclosure: I, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.