26. Empower Billions
● 1 Billion with access to:
o International Markets
o Banking services
● More people have access to a cellphone
than sanitation (U.N. Study)
● Gets around obstacles of obtaining
a bank account
40. BitPay’s $30m Round was the Largest
Bitcoin VC Deal to Date
• More than 30,000 total merchants
• As of January 2014, adding more than 1,000 merchants
to its network each week
• Processing $1m in bitcoin payments every day
• Processed more than $100m in bitcoin payments in 2013
• Most recent VC round valued BitPay at $160m
State of Bitcoin Q2 2014
41. Key Bitcoin Adoption Metrics
State of Bitcoin Q2 2014
Commerce Jun-14 Jun-13 YoY Δ
Wallets 5,327,688 765,039 7x
Merchants 63,000 N/A N/A
ATMs 103 N/A N/A
Unique bitcoin addresses used per day 136,152 41,271 3x
Media
Mentions in mainstream media 9,500 2,163 4x
Technology
Network hash rate (billion/second) 111,194,683 162,269 685x
Github No. of updated repositories 12,365 676 18x
Investment
Bitcoin market capitalization ($bn) 8.3 1.0 8x
Industry
VC investment over last 12 months ($m) 200.7 17.1 12x
Number of VC-backed start-ups 49 7 7x
42. Bitcoin’s Price is Now on Yahoo Finance,
Google Finance and Bloomberg
State of Bitcoin Q2 2014
43. How to get bitcoins
● Sell a service/product for BTC
● LocalBitcoins.com
● Coinbase.com
● Exchanges
44. The Future
● Crypto 2.0
● Services build on top of bitcoin
● Smart Contracts
● Decentralized marketplace
45. “I really like Bitcoin. I own Bitcoins. It’s a store
of value, a distributed ledger. It’s a great place
to put assets, especially in places like
Argentina with 40 percent inflation, where $1
today is worth 60 cents in a year, and a
government’s currency does not hold value. It’s
also a good investment vehicle if you have an
appetite for risk. But it won’t be a currency until
volatility slows down.”
David Marcus, CEO of Paypal
46. Thank you
For more info:
www.coindesk.com
RyanTMilbourne@gmail.com
@RyanMilb