Bloomberg published an expansive report on the future of bitcoin this week. TradeBlock provided the data and charts and commentary came from the BitGo, Genesis Trading, Xap, Coins.ph, Wedbush Securities and others
Bitcoin introduced a lot of people to the idea of computerized money. Now the digital currency, which set off a minor frenzy when it broke into public consciousness in 2013, is trying to grow up. Novelty has given way to the hard slog of starting and funding new companies, like brokerages and bitcoin storage sites, that can be boring and profitable. Utopian fantasies have subsided as consumers remain largely unconvinced of the value of swapping their cash for bitcoins, or using it to buy goods and services or for transferring money.