This infographic highlights Bitcoin's boom and bust

Bitcoin has hit mainstream. Despite this, basic questions still remain - is it acurrency or a commodity' Will governments support it' Will the banks eventually use it'Bitcoin has been mired in debate since its inception. In August, within the developer community, a debate about Bitcoins architecture took place, andBitcoin XT was born as a fork from the original project.Whats certainly true is that Bitcoin has been extremely volatile, with many people around the world buying them on pure speculation that the price will rise. After breaking $1000/ BTC at the end of 2013, Bitcoin fell below $200/ BTC just over a year later. In the past month, its price has surged, breaking $400/ BTC for the first time since over one year ago. The problem is, its very difficult to predict Bitcoin movements or even identify the source of price fluctuations.While it only tells bits and pieces of the story, weve laid out some of the key events that have impacted Bitcoin over the past 2 years, and how its value has spiked and fallen during that time period.P.S. If you missed it, see our post from this summer on Bitcoin and its impact on fintech startupsHavent heard of Instavest' We aim to democratize stock market investing by creating a network of great investors who share their ideas with unprecedented transparency. Request access today and get $50 as a bonus!SEE ALSO:Russia is doubling down on goldJoin the conversation about this storyNOW WATCH: Why '5+5+5=15' is wrong under Common Core
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