As we talked about in class, Bitcoin is a revolutionary financial system that had the goal of replacing traditional currency. Unfortunately, the process was not as widely adopted as many had hoped, but there were still few who were lucky to have cashed in early on the adoption of bitcoin, making a fair amount of money along the way. For the first time in three years, Bitcoin jumped over $1,000, outperforming all other currencies in 2016. However, this is not cause to celebrate and jump on the Bitcoin bandwagon, as it has been widely criticized for being one of the most volatile currencies in the current market. However, it does demonstrate that the current market does show promise for alternative financial markets. I am very interested to see how this market will continue to grow.