An article published Wednesday by The Hill provides a brief snapshot of bitcoin’s economic landscape.
The article is based on research and reporting by a team of The Hill’s technology reporters, who include senior technology reporter Brian Fung, technology reporter Matt Lauer, and editor-in-chief John Cook.
In the article, The Hill presents the latest data on bitcoin and cryptocurrency.
The article also provides an overview of how bitcoin has grown, how its current price is changing, and what it could mean for the future of the bitcoin ecosystem.
The Hill’s reporting comes on the heels of a significant milestone in bitcoin’s evolution.
On Nov. 16, the world’s largest bitcoin exchange, Coinbase, announced that it would become the first major exchange to accept bitcoin.
In a statement, Coinbase chief executive Brian Armstrong said, “It’s exciting to be a part of this industry that will provide the world with more affordable, secure, and reliable online payments.”
Coinbase is the first bitcoin exchange to allow customers to trade digital currencies with other customers, and is the latest to embrace bitcoin as a way to settle disputes between merchants.
Coinbase’s announcement came after other major exchanges have started accepting bitcoin, including Bittrex and Bitfinex.
As bitcoin becomes more accepted, other exchanges will likely follow suit, and the future for the digital currency will be even more uncertain.
The Bitcoin Investment Trust, a $3 billion investment vehicle founded in 2011, has already purchased more than 2,000 bitcoin and has been buying them on an ongoing basis.