2017 was a great year for Bitcoin. CBOE has launched the first Bitcoin futures market, the NYSE has filed two Bitcoin ETFs, and the Bitcoin price has risen by more than 1300%. In 2017, Bitcoin became too big to be ignored, as Bitcoin became more valuable, there were considerable increases in the amount of brick and mortar that accepted Bitcoin all over the world. Let's take a look at the data

Q1 / 17: Slight growth – 5.5%

According to Coinmap.org, on January 3, 2017, 8,207 brick and mortar companies have accepted Bitcoin as a method of payment for their goods and services. On March 28, 2017, three and a half days before the end of the first quarter, 8,665 companies accepted Bitcoin. In the first three months of 2017, the number of companies accepting Bitcoin increased by 5.58%.

BTC Price Data: Quiet Growth – 7%

On the first day of the year, on January 1, 2017, Bitcoin was worth 979, $ 5, about 13 times less than what Bitcoin is worth today – $ 13,390. On March 31, the last day of the first quarter, the price of Bitcoin was $ 1,045.03. The Bitcoin price rose 6.9% in the quarter.

Q2 / 17: Regular Growth – 5%

On April 4, 2017–8,682 companies accepted Bitcoin. On June 27, 2017, three days before the end of the second quarter, 9,143 companies accepted Bitcoin – an increase of 461 brick and mortar that accepted Bitcoin, representing a 5.3% increase in the number of businesses accepting BTC the spring of 2017.

BTC Price Data: Boost – 135%

On April 1, 2017, the price of Bitcoin was 1,069, $ 78; the last day of the quarter – $ 2,519.27. The price of Bitcoin increased by $ 1,449.49; *

First half 2017: 11% more companies accept BTC while the price of BTC increases by 147%

When they are combined, the data Q1 and Q2 represent the first six months of 2017. In the first half of 2017, the number of companies accepting Bitcoin increased by 11.4%. 936 brick and mortar companies have added Bitcoin as an acceptable method of payment for their goods and services. The average quarterly increase in the number of brick and mortar companies that accepted Bitcoin was 5.44%. And from the first day of the first quarter to the last day of the second quarter, the Bitcoin price climbed to a total of $ 1,501.1 – an increase of 147.43% in price.

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Q3 / 17: Cryptomania begins – 8.5% growth

On July 4, 2017, 9,176 companies accepted Bitcoin, while on September 26, 2017, this number increased to 9,972, an increase of 796 physical companies that accepted Bitcoin as a payment method, which equals 8.67%.

BTC Price Data: Another Whiplash – 74%

On July 1, the first day of the third quarter, the Bitcoin price was $ 2,458.14 at the end of September Between July 1 and September 30, 2017, the Bitcoin price increased by $ 1,828.5, which equates to an increase of 74.38% of the price.

B oost and buzz, made by Bitcoin

In the third quarter, we began to see the Bitcoin price and the number of companies accepting Bitcoin increase at a higher rate than in previous quarters. Higher prices mean higher demand, and rising demand is unlikely to surprise the Bitcoin market given the events that occurred in the third quarter of last year. The media began to cover the astronomical returns that investors received from companies in digital currencies; Bitcoin began to receive global media coverage, and for the first time, Bitcoin was presented in a positive light as opposed to its earlier association with money laundering and illegal drug purchases. In addition, when Bitcoin reached new historic highs, the news spread like wildfire, which may have influenced a number of people who thought they would miss massive returns to invest in Bitcoin so they would not miss it. generous return on investment.

Q4: Still more BTC for companies – 12%

On October 3, 2017, three days in T4 / 17, 10,040 bricks and mortar Companies accept Bitcoin. On December 19, 2017, 11,291 companies accepted Bitcoin. 12.4% increase in the number of businesses since the beginning of the quarter.

BTC Price Data: Roller Coaster – 224%

The T4 experienced the largest increase Bitcoin Accepts Business with an increase of 1,251 Brick Establishments and mortar accepting Bitcoin for their goods and services. At the beginning of the fourth quarter, the Bitcoin price was $ 4,317.24. Around December 17, Bitcoin reached a record high of $ 20,000, but in the last days of December, the cryptocurrency market experienced a price correction – Bitcoin dropped to $ 14,000. Whatever the case may be, the price of Bitcoin increased by $ 9,685,7900, an increase of 224.35% from the beginning to the end of the quarter.

Second half of 2017: Almost twice as many BTC-friendly companies as in the first half of 2017

During the second half of 2017, the number of Companies that accepted Bitcoin as a payment method increased by 2,115 establishments. This equates to a 23% increase in the number of companies accepting Bitcoin between 4 July 2017 and 19 December 2017.

The number of companies accepting Bitcoin increased on average by 10, 57% per quarter, almost twice the average quarterly growth of Bitcoin accepting businesses from the first half (Q1 and Q2).

Price Data: BTC is a record currency

1, 2017 – The Bitcoin price was $ 979.53, and at the end of December, the price of Bitcoin was about $ 14,000; between the first day of the first quarter and the fourth day of the fourth quarter, the overall price increase was of the order of 1329% and the overall price increased by more than 13,000 dollars.

Crypto-mania and adoption of BTC

The price of Bitcoin fell recently because retail investors who were new to the cryptocurrency market did not know that Cryptocurrencies have a higher beta risk – than the NASDAQ or the NYSE. As the price of Bitcoin dropped significantly, the market began shaking weak hands and many retail investors who were new to the investment panicked and sold their coins

Those who obviously have not known to worry, or feel the need to sell when the price has dropped in a certain way, because those who are not new to the crypto-community know that the price of Bitcoin evolves as the best roller coaster ride of your favorite theme park. The highs are astronomical and can even make you feel like you've left the Earth's atmosphere, but the lows are terrifying, which lets you believe that the coaster will dive across the land and travel to the depths of the earth. 39, hell, causing anxiety, agitation

The data show us that the price of Bitcoin is correlated with the number of companies that accept Bitcoin as a payment method with a correlation coefficient of Pearson 0.7994. This means that when there is an increase in Bitcoin price, it is very likely that there will be an increase in the number of companies that accept Bitcoin.

The best part is, Bitcoin fun is just beginning. We could call it "crypto-mania," but the fun could also end soon.

Although interest in digital tokens is increasing rapidly, the market capitalization of all digital assets is $ 560,456,007,471. still far below the market capitalization of the New York Stock Exchange: $ 19.6 tn.

2017 was a great year for Bitcoin. Few assets can boast of having returns of more than 1300%, there has been an overall increase of 3.084 Bitcoin accepting businesses, and the overall increase in Bitcoin's price was 13.023 , $ 53

In 2017, we began to see institutional investors Although the support of the largest institutional investors has not even become a market factor. Institutional investors – those who are on the street with big money – are looking to get into the crypto game in the first half of 2018 with a number of Bitcoin ETFs that they have proposed. In addition, the retail investor and the layperson are beginning to learn digital currencies and are beginning to be interested in integrating digital assets into their portfolios.

It will be interesting to see what Blockchain technologies, especially Bitcoin, the first Blockchain technology, have to offer in 2018. But right now, with Bitcoin being talked about daily on our local information channels, in our local supermarket, in our nearest hair salons and inside the classrooms, it is safe to say that we have entered a bull market.