As 2014 draws to a close I find myself not just recalling the events of the past year but also looking ahead at the year to come. 2014 was a mixed year for Bitcoin; the ongoing post Mt Gox decline has fuelled the arguments of sceptics like Warren Buffet who “warned investors to stay away from Bitcoin, calling it “a mirage,” saying that, while it may be a better way of transmitting money, the “idea that it has some huge intrinsic value is just a joke.”
On the other hand merchant acceptance of Bitcoin has gone from strength to strength. This is no longer a collection of niche enthusiasts that accept bitcoin as a political statement; we have the “Standard Bearer” of merchants, Overstock integrating Bitcoin with their online payment systems as well as Microsoft, Expedia and Dell accepting Bitcoin as a way of increasing market share and accessibility to their customers.
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