CoinDesk, an online site that covers the Bitcoin industry, released their State of Bitcoin Q2 2014 report. It shows that despite setbacks and negative press, the Bitcoin industry continues its rapid expansion.
The chart below (from CoinDesk's report) shows their summary of the key things that happened Bitcoin wise in Q2.
Also released recently was Business Insider's analysis of the amount of venture capital flowing into the Bitcoin industry. They point out it's similar to the amount of money raised by Internet startups in the mid- 1990s.
Bitcoins are clearly gaining momentum and the industry continues to expand and we consider it an important and potentially disruptive technology. But it's still years from the mainstream for most consumers and small businesses.
Because of this and as we pointed out a few months ago in our Bitcoin Booms article, our Bitcoin advice to small businesses remains the same:
... unless your customer base is made up of tech nerds or folks looking to evade the law - or you are personally interested in Bitcoins - ignore the hype for now. Too few normal people know about them or use them to bother with at this time.