Just looking back at bitcoin price in 2014 and honestly it was brutal compared to where we were in 2013. Started the year at $770 according to the CoinDesk index, then just kept sliding down. By December we were looking at the mid-$300s—that's a drop of over 50% from where we opened. Crazy year. But here's the thing, even with that collapse, bitcoin price in 2014 still stayed way above most of 2013's price action. It was trading at more than 3x what we saw back in April 2013 before that whole bull run kicked off. Throughout the year we got hit from all angles. PayPal and Microsoft started accepting it, which was huge for adoption. Then there was that whole BearWhale thing that shook the market, plus all the noise about Chinese authorities potentially cracking down. So yeah, bitcoin price in 2014 took a beating, but the bigger picture shows we weren't back to square one. Interesting year to look back on.

BTC-0.36%
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