by Jeff Berwick, The Dollar Vigilante:
In the first hours of 2017, bitcoin has surpassed the $1,000 USD mark.
This marks an amazing run for bitcoin. Two years ago it was $200. One year ago it was $400. Six months ago it was $600. One month ago it was $800.
And now it is above $1,000 and on record volumes at bitcoin exchanges across the world.
Many, of course, are asking where it goes from here.
But bitcoin is just the leading prong in a decentralization revolution.
When the internet began its first function was email. As we all know now, the internet has become much, much more than email. It has become nearly a part of every facet of life and even includes infrastructure for bitcoin.
And, in much the same way, the first function of the blockchain was bitcoin. Now, there is an entire industry growing up around blockchain applications. Groups like MaidSafe are even trying to create a completely decentralized internet that will exist solely on the blockchain.
And numerous other cryptocurrencies have blossomed. The Top seven currencies, which can be seen at Coinmarketcap.com, all gained in 2016.
One of the top gainers, Monero, rose more than 2,000% this year.
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