Bitcoin in 2016
2016 was a year of growth for Bitcoin compared to last year, both in price and infrastructure. Bitcoin has retained its title of best performing currency for the second year in a row, and perhaps more importantly, has found its first taste of legitimacy in commercial use by banks.
The year saw banks and governments all over the world trial the Blockchain for a wide variety of purposes. Meanwhile, several international trends helped the nascent technology shine, including hyperinflation in Venezuela, China’s continued currency devaluations, the demonetization in India, Russia easing their stance on bitcoin, and the surprising Brexit vote.
In case you missed some of them, here are some of the most important headline news events that contributed to this historic year.