Bitcoin and Crypto’s Crazy Year: 2017 Brought Tokens, Forks – and Piles of Money 267 Views by Jon Southurst Leave a Comment
It’s not a huge stretch to say 2017 was the most significant year in Bitcoin and digital currencies so far. We saw Bitcoin blow past some of the wilder predictions of years past to scrape the $20,000 USD mark. “Altcoins” were suddenly worth thousands of dollars each themselves, and a new phenomenon called the initial coin offering (ICO) threatened to turn crypto into a new dotcom bubble. Bitcoin’s warring camps in the scaling debate officially split into two rival currencies, both of which have significant differences to pre-2017 Bitcoin.
Oh, and China banned Bitcoin — for real this time. Sort of. Read on for a rundown of the main events in Bitcoin and cryptocurrency’s crazy ride.
Also read: Our Bitcoin ‘Naughty List’ 2017: Lumps of Coal for Their Digital Stockings
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