Bitcoin came along with the whole intention of creating a decentralized economy. It was originally developed by a software developer called Satoshi Nakamoto which would be used for economic transactions with low transaction fees, according to sources. If we look at the evolution of Bitcoin, In 2013, it was not very smooth for bitcoins transactions. Price used to differentiate a lot at that point in time. For 2014, China news was controlling bitcoin pricing. In 2015, when Asian countries came to know about cryptocurrencies, the first one that stole the limelight was bitcoin. In 2016-17, a few banks globally started working on bitcoins and blockchain accepting bitcoin transactions. While on the other hand, the year 2017 will be remembered as the year of bitcoin with Super returns, mass speculative hysteria, government discomfort, tax department focus, media attention and then a hard landing. Apart from all this.
What matters is whether people are using bitcoin, and more than ever, they are. Check out the graph below, which shows the number of daily bitcoin transactions. The usage has hit a record high, in last December, compared to the same time a year ago, the average number of daily transactions is more than doubled.
