Last year was nothing short of exciting for bitcoin and with 2014 set to be another interesting year for digital currencies, the Bitcoin Foundation expects wider adoption and the recognition of its potential to support bitcoin going forward.
Over the course of 2013 the digital currency increased nearly 6,000 percent in value on the Mt. Gox exchange, closing the year out at $806.
In late November, bitcoin peaked at $1,242 before concerns about Chinese regulation and a global speculative bubble led to a rapid depreciation. Bitcoin has since stabilized around current levels. Bitcoin was trading at $816 on the Mt Gox exchange on Tuesday afternoon in Asia.
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As mainstream awareness continues to increase the question remains: given volatility and speculation can bitcoin become a viable currency?