It seems these days no matter what tech sites you read or what’s going on in the world, there is some kind of daily news about the virtual currency Bitcoin. Bitcoin is very popular because of it’s anonymous nature. At the same time it’s very scary for some because they hear about insane fluctuations and no one seems to be sure how much a bitcoin will be worth tomorrow.
Bitcoin has been applauded by some widely known businesses like Overstock.com and Bank Of America. At the same time it’s been shuttered by other financial institutions and other companies. Part of the reason people are not rapidly adopting Bitcoin as fast as it may seem, is simple. It’s scary.
Things are scary for us when we don’t understand them, and while Bitcoin is mentioned in the news, typically more than one time daily, There’s still a lot to learn.
Thankfully the folks at WhoIsHostingThis have compiled the infographic below, outlining some of the ins, outs and confusing things about Bitcoin.
The Inforgraphic discusses the growth of Bitcoin over the years. It also takes a look at some of the big winners and losers so far in the Bitcoin economy. Part of the infographic outlines Bitcoin’s place in the world and it even takes a look at Silk Road, the underground market that was shut down by the government in 2013.
Bitcoin has huge spending power. The infographic takes a look at some of the companies that have adopted the use of Bitcoin.
There’s a lot of information crammed into the infographic so heck it out below.