I'm SHOCKED! Not that it is not a BIG story, but rather HOW BIG. Consider North Korea and nuclear war. Consider politics, President Trump, Mideast unrest, etc. Consider the solar eclipse. AND, GASP, THE KARDASHIANS. What is it you asked? BITCOIN. According to Google, bitcoin was the second biggest global news stories in 2017. Hurricane Irma came in first, so if this were a sports event bitcoin would be a loser. Wow! I guess there will be a movie coming out soon. Bitcoin vs. Godzilla.
(Bill Taylor/CEO)
"Google released its most-searched list for 2017 today, and I can't be the only person happy to not see Kim Kardashian's name on the list. And, given the number of newly minted Bitcoin billionaires around the planet, I'm probably not the only person unsurprised to see that Bitcoin was a big deal in 2017.
Bigger, in fact, than the threat of nuclear war.
The five biggest global news stories of 2017, according to Google searches, are:
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- Hurricane Irma
- Bitcoin
- Las Vegas Shooting
- North Korea
- Solar Eclipse
This might not be a surprise to people like Tim Draper, who recently told me that five years from now, people who use fiat currency will be a laughingstock. But while most Americans are aware of Bitcoin -- almost 80% as of October -- the whole space, including ICOs and Ethereum, is still a bit of a mystery.
Apparently it helps the news coverage when your currency appreciates 1900% in a single calendar year.
What's next for Bitcoin?
While some people are prognosticating continued huge gains to $50,000 or even $500,000 per coin, the smart money is on national cryptocurrencies, like Venezuela's recently-announced oil-backed cryptocurrency.
"All currencies will be digitized," Bitt founder and director Gabriel Abed told me recently at TechBeach retreat in Jamaica. "Cash has seen its days."Full Story at Forbes.com