Ironically, a big jump in price is of of the negative things that can happen to Bitcoin. The best thing that could possibly happen to increase the utilization of Bitcoin as a medium for transaction, as has always been the case, is that Bitcoin gets pegged to normal a bucket of Fiat Currency, (USD, INR, EUR, GBP) and then flatlines.
And, I don't know how much you use Bitcoin to buy things, but Bitcoin is about 20x more useful this year than it was last year in terms of making purchases, particularly now that Apple lets you put a wallet on your iPhone. Purchasing from your smartphone is going to be the way 99%+ of people use bitcoins on a daily basis, so that change is huge.
The metrics that really need to be tracked are: What percentage of people have made a single, transaction from a wallet in the previous month, and, 2-5, 6-20, 21+ transactions a month. That will give us the best understanding of Bitcoins growth as a transaction medium.
And, of course, this all ignores other innovative uses of the Blockchain, upon which Bitcoin as a currency might have just been the Trojan horse in enabling.
And, I don't know how much you use Bitcoin to buy things, but Bitcoin is about 20x more useful this year than it was last year in terms of making purchases, particularly now that Apple lets you put a wallet on your iPhone. Purchasing from your smartphone is going to be the way 99%+ of people use bitcoins on a daily basis, so that change is huge.
The metrics that really need to be tracked are: What percentage of people have made a single, transaction from a wallet in the previous month, and, 2-5, 6-20, 21+ transactions a month. That will give us the best understanding of Bitcoins growth as a transaction medium.
And, of course, this all ignores other innovative uses of the Blockchain, upon which Bitcoin as a currency might have just been the Trojan horse in enabling.