Six Bullish Facts About Bitcoin

There are many Bitcoin enthusiasts who, through the fall from $32 to $2/BTC and the slow climb back up, kept the faith and fought off the critics and the pessimists. Now, their faith is bearing fruit.

Here are six reasons to be excited about Bitcoin at the moment:

• There are 289 users on r/bitcoin right now. It was only a couple of weeks ago that seeing more than a hundred users was rare.

• Coinbase, which recently reported over $1,000,000 in Bitcoin transactions in the last month, has stopped taking buy orders for today, as they've "reached the limit."

• The Bitcoin market cap has just hit $275,000,000, a new record, and there's no sign of it letting up.

• A major US-facing online gambling site is in the process of implementing Bitcoin.

• You can buy pizza with Bitcoins, as reported by the BBC. Yes, the BBC.

• Membership on the Silk Road forums is growing even faster than on the bitcointalk forums.

• Wordpress, the 22nd most visited site on the entire Internet, accepts Bitcoin.

Expect to see additional major announcements in the coming months, as Bitcoin finally goes mainstream.

Edit: oops, I guess that was seven.

Posted in: bullish