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Actually, bitcoin is still being used to get around China's exchange controls. That is why there is so much investment in mining in China - mining equipment is

Actually, bitcoin is still being used to get around China's exchange controls. That is why there is so much investment in mining in China - mining equipment is treated as capital investment, and it's trivial to then sell the proceeds for USD. I would also guess that there are far more people using bitcoin on dark net marketplaces now than there ever were using Silk Road (mostly due to all the publicity), but I don't have any sources to back this up. I do agree that we are unlikely to see any significant changes in the price of bitcoin in the medium term though. In the long run, the price of bitcoin is mostly irrelevant when bitcoin is being used as a payment network anyway.

Animats 11y ago
"I would also guess that there are far more people using bitcoin on dark net marketplaces now than there ever were using Silk Road (mostly due to all the publicity), but I don't have any sources to back this up." Bitcoin transaction volume in dollars hasn't increased in 18 months. See this graph.[1] The two big spikes were in November 2013 and March 2014. Since then, not much. Bitcoin usage is not increasing. [1] https://blockchain.info/charts/estimated-transaction-volume-usd?timespan=2year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address= https://blockchain.info/charts/estimated-transaction-volume-...