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Bitcoin Named Investopedia’s Term of the Year

2017 is they year of bitcoin

What happened

According to Cointelegraph, on a surge of interest to cryptocurrencies in 2017, Bitcoin was named a Term of the Year by Investopedia.

Why is it important?

Investopedia is one of the most popular online dictionary for financial terms. 2017 saw the first Bitcoin billionaires as well as the Bitcoin futures. So the most valuable cryptocurrency with a $270 billion market cap proved to be worth attention among potential investors.

Who were the competitors?

Based on search results and volume, Bitcoin surpassed Trumpcare, ICO, Blockchain.

What can we learn from it

  • Despite the price fluctuations, Bitcoin was the only cryptocurrency in 2017 which was widely adopted by traditional financial institutions.
  • While the fact of leadership on Investopedia won’t affect the rates, it demonstrates both the interest and adoption level.
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