BITCOIN’S YEAR

A recap on how Bitcoin was doing in 2017

Let’s take a look at the data quarter by quarter.

 

QUARTER 1 / 2017

Slight growth: 5.5%

In the first quarter there was a moderate increase in adoption. By the end of March 2017, 8,665 businesses accepted Bitcoin. That’s a 5.58 percent increase in Bitcoin accepting businesses in the first quarter.

BTC Price: Calm growth: 7%

Bitcoin was worth $979.5 as the year started. It rose 6.9 percent during the first quarter, reaching $1,045.03 by the end of March.

 

QUARTER 2 / 2017

Steady growth: 5%

From the beginning of April to the end of June last year, there was a 5.3 percent increase in adoption. By the end of the second quarter, 9,143 businesses accepted Bitcoin.

BTC Price: Boost: 135%

Bitcoin’s price increased by $1,449.49 during the second quarter. It is a 135 percent increase in price, from $1,069.78 to $2,519.27 in just 3 months.

 

QUARTER 3 / 2017

Cryptomania: 8.5% growth

In the next three months, the number of businesses accepting BTC grew to 9,972 entities.

BTC Price: Another boost: 74%

Between July 1 to September 30, 2017, Bitcoin price went up by 74.38 percent, from $2,458.14 to $4,286.64.

 

QUARTER 4 / 2017

Always more BTC for business: 12%

From about 10,000 businesses at the beginning of October, 2017, the total number went up by a further 12.4 percent in just three months. On Dec. 19th 2017 the number of businesses accepting Bitcoin was 11,291.

BTC Price Data: The year-end roller-coaster: 224%

As the last quarter began, Bitcoin’s price was $4,317.24. It almost doubled in the next three weeks and continued to soar to new highs. Around December 17, Bitcoin hit an all-time high of $20,000. In the last days of the year, the cryptocurrency market experienced a correction in price and Bitcoin dropped to $14,000. Even with that substantial correction, Bitcoin’s price increased by more than $9,600. That’s a 224 percent increase in only three months, from the start to the end of the quarter.

With a growth of over 1,300 percent and an overall increase of 3,084 Bitcoin accepting businesses, it is safe to say that 2017 was a great year for Bitcoin.

 

And the world has just started to learn about crypto-currencies and the blockchain technology.

 

Source: https://cointelegraph.com/news/bitcoin-adoption-by-businesses-in-2017

Zsolt Balló