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Tuesday 10 February 2015

Bitcoin's rough start to the year may get worse


From CNBC –

“Bitcoin transactions could more than halve this year, Juniper Research predicted, as a lack of regulation and links with illegal activity hinder the cryptocurrency's ability to go mainstream.

In a recent report, the U.K.-based research firm estimated the value of cryptocurrency transactions would decline to $30 billion in 2015 from over $71 billion last year.

The bearish figures follow a rough start to the year for the controversial digital currency. Prices have been in freefall, trading below $250 throughout January compared with $1,000 at the same time last year, according to CoinDesk, a widely-watched price index.”

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