Where does your enterprise stand on the AI adoption curve? Take our AI survey to find out.

A year of scandals, theft, and the collapse of a major exchange is apparently taking its toll on cryptocurrencies.

Juniper Research released a new report today projecting that the value of all cryptocurrency transactions will collapse in 2015 to about $30 billion from $71 billion in 2014.

What in the name of Satoshi Nakamoto is going on here?

Well, Juniper says Bitcoin and other virtual currencies have taken a serious hit in reputation and valuation following a year that included stories about the Mt.Gox exchange collapsing, theft of Bitcoins from BitStamp wallets, connections with unsavory sites where people were using the currency to buy and sell drugs and guns, and concerns about regulatory issues.

There is some hope, however. Juniper believes that the emergence of new exchanges could stabilize values and help these new currencies regain trust. But such a turnaround may take a couple of years, the report adds.


VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member