This year, interest in bitcoin has risen exponentially, and even institutional investors have started to accept it. Nevertheless, it is still not accepted as a legal form of payment in most countries. As a result, it is only used by online shoppers rather than the stampeding crowds on Black Friday and Cyber Monday. Well, wasn’t online shopping catching up to traditional shopping last year?
According to data from Visa released last year, at least a half of the card transactions were conducted online. Clearly, online shopping had become just as preferable as the ‘normal’ kind of shopping. A quick look at the internet would show you just how many deals were being offered by retailers, targeted specifically at bitcoin users. This could only mean that there was increasing interest in bitcoins spent on Black Friday and Cyber Monday.