1/7/2016 4:23:14 AM | less than a minute read

Bull vs. Bear - What's Next for Bitcoin in 2016

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Gareth Jones

Co-Founder, FinTech Collective

Get in touch

Gareth Jones

Co-Founder, FinTech Collective

There are stronger arguments in favor of bitcoin in 2016 than against it.

The bear case: 1) Reputation; 2) Still no killer app; 3) Startups shut down -11+ bitcoin companies shut down in 2015

The bull case: 1) Stability; 2)Blockchain made its way into the zeitgeist in 2015; 3) Record-high VC money $315m of funding in 2014 $485m in 2015.

The current market cap of all bitcoins, by the way, is $6.5 billion.

As entrepreneurs continue to raise money to build exciting applications for the technology, criminals continue to demonstrate that it can be exploited to circumvent the law. This is one of the biggest hurdles that bitcoin faces. And there are other hurdles. But 2015 was mostly a very good year for the industry. Here are some of the main arguments that paint a case against and for bitcoin in 2016.

fortune.com/...