While the world stands back and watches the Bitcoin price erode the adoption and use of Bitcoin as a payment mechanism continues to grow apace.
This Week South Korean Bitcoin services company Coinplug announced the roll out of pre-paid bitcoin gift cards to around 24,000 convenience stores across the country, with 8,000 7-Eleven stores already participating.
And, while the Bitcoin price may have dropped significantly over the past few weeks, the smart money continues to invest in Bitcoin infrastructure.
Case in point ==> Tim Draper, the Silicon Valley venture capitalist who purchased all 30,000 Bitcoins in the initial Silk Road Auction last summer (when the Bitcoin Price was near $600) is STILL investing in Bitcoin infrastructure.
Mr. Draper, along with Jerry Yang, the founder of Yahoo, participated in a recent $3,000,000 funding of BlockCypher.
The public price of BItcoin may be down but interest in BItcoin as a paradigm shifting technology continues.
Stay tuned, this is going to be fun to watch, and, for many, VERY profitable!