In our blog post 10 Reasons Why Bitcoin is the Future, Xapo’s Chief Strategy Officer Ted Rogers wrote that “it will take years for bitcoin to achieve its status as a global unit of account but, as it spreads across borders and becomes a de facto global currency, it will transition naturally into the standard unit for measuring value.”
That’s the long-term view of bitcoin’s future. But what about the short-term? What role will 2015 play in bitcoin’s trajectory toward becoming a “de facto global currency”? Here are some of my 2015 bitcoin predictions.
Tipping and remittances will continue to increase
One interesting thing to watch in 2015 will be the total number of bitcoin transactions on any given day. I expect this number to continue heading skyward, driven in part by microtransactions, tipping and remittances. Take a look at the chart below (from blockchain.info), which shows the total number of bitcoin transactions throughout 2014, and you’ll see what I mean.
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