At the time Bitcoin was launched, there were many skeptics who saw BTC merely as a passing trend that would eventually disappear as fast as it appeared.
But this has not happened. Now, nearly a decade later, Bitcoin is still very much with us today and has had a profound impact on the online trade industry.
Who would have thought something that only exists in virtual reality would one-day out-trump gold in its value? However, it has not been without its problems – the words Mt. Gox come to mind.[1]
But with each disaster comes new and improved mechanisms to protect Bitcoin users. Now, nearly a decade on from its inception, Bitcoin is being taken seriously as a mainstream means of transaction. That is good news for all those traders who have been holding on to their supply of Bitcoin until the right moment. Because the value of Bitcoin is sky high compared to fiat currencies, you could make a number of handsome purchases with it before even thinking about mining for more.
While Bitcoin has come a long way since its initial launch back in ’09, it still has a long way to go before reaching the same level of acceptance that most fiat currencies have. [2]
In recent years, there has been a rising number of large corporations that have begun to accept Bitcoin as a legitimate currency for selling their products on the internet. However, the ever-fluctuating value of Bitcoin does not absolutely guarantee a healthy revenue stream for the company.
Anyway, let us take a look at some of those companies that have decided to include Bitcoin as means of conducting business transactions.
1. Overstock.com
