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Sponsored by Gem Q1 2015 State of Bitcoin Q1 2015


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Sponsored by Gem
Q1 2015 Summary
7State of Bitcoin Q1 2015
Sustained pressure on bitcoin’s price,
which is due to the current demand-
supply imbalances, is winnowing the
mining and exchange sectors
Q1 was bitcoin’s largest VC
investment quarter yet with $226m
raised; all-time bitcoin VC investment
now totals $676m
21 Inc, which announced $116m in
new funding, surpassed Coinbase as
the best-capitalized bitcoin startup
Improved regulatory clarity (ie NY
BitLicense revisions, UK’s favorable
posture) are building industry
confidence and attracting Wall Street
Blockchain’s total wallets passed three
million; merchant adoption slowed due
to bitcoin’s underwhelming value
proposition for mainstream consumers
Bitcoin’s price briefly dropped to
$177 in January 2015, and is down
24% so far in 2015

Published in: Economy & Finance, Internet