The Bitcoin phenomenon has undeniably made an impression in the investing, technology and political worlds last year, having enjoyed a meteoric rise from around $12 per coin in January to over $1,200 just one month ago. Now with tentative approval from the American Federal Reserve, the U.S. Senate, Fidelity Investments, wealthy investors, and even the founder of Paypal, its future seems bright as the year draws to a close. Even naysayers are now lamenting that they should have “invested earlier.”
Bitcoin’s explosion is something even many of its fiercest advocates didn’t forsee. The famous Winklevoss twins are now claiming Bitcoin will expand to a $400 billion dollar market. By then, the famously “unbacked” coins could be worth tens or hundreds of thousands of dollars.
If the whole thing moved to fast for you to keep track of, check out this great breakdown of the evolution of Bitcoin from Visual Capitalist. From its genesis at the hands of the mysterious Satoshi Nakomoto, to its use in the notorious Silk Road marketplace and explosion into the media spotlight, its all here.