BITCOIN EARLY GROWTH LARGER THAN INTERNET

Updated: 07/30/2015 13:46
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bitcoin growth progress
The recent results on the Bitcoin growth prove the fact the Bitcoin growth on its early stages is more effective than Internet on its early stages
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The recent results on the Bitcoin growth prove the fact the Bitcoin growth on its early stages is more effective than Internet on its early stages

The Bitcoin growth from the point of view of investments exceeds the Internet development on its early stages by 25%. By the end of 2015, venture deposits to the cryptocurrency are about to make $786 mln. In 1996 the deposits into the global network have only reached $639 mln.

Besides, during the last year, the financial support of Bitcoin doubled. The data about the digital currency development for the second quarter of 2015, prove this statement. The biggest amount of venture capital in the sphere of cryptocurrency technologies was attracted by the start-up from San Francisco, 21 Inc. The company received $116 mln.

The leading investor Marc Andreessen from Andreessen Horowitz said at the time that bitcoin was similar to the internet in its early years, as it is a "fringe technology" with "fringe characters" and "fringe politics".

Andreessen said: "In 1994, as a venture capital firm, it would have been a good idea to take the internet seriously and it would have been a good idea to invest in a cross-section of [internet] companies."


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