Square Cash, Amazon rumors, Wall Street interest, progress on scaling, emerging custody solutions, retail banking integration (Fidelity and USAA), improving regulatory clarity.
$170B worth of value today? No. But price is current value + potential future value * likelihood of getting there. People are starting to understand the potential, and working towards that future.
Re:Bitcoin passes 10,000 USD
by hackinthebochs on Tuesday November 28, 2017 @08:22AM
(#15796950)
Retailers accepting it just isn't "news" anymore. This isn't 2012.
Re:Bitcoin passes 10,000 USD
by tom_mellior on Tuesday November 28, 2017 @09:00AM
(#15797290)
If Amazon started accepting Bitcoin directly (as opposed to accepting gift cards that you can buy for Bitcoin elsewhere), that would be enormous news. One of the reason the "retailer X accepts Bitcoin" stories have died off is that almost all of those retailers were ones nobody cared about.
Not a new use case. Not a new retailer accepting it. It's worth more because the same people who bought it last year will spend more to buy it this year.