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8 2014

Bitcoin Mt.Gox
Mt.Gox Bitcoin Bitcoin

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Bitcoin
(Virtual currency Crypto currency) Bitcoin
(Commodity)


Bitcoin Bitcoin

Bitcoin Mt.Gox

28 .. Mt.Gox Bitcoin Exchange


Mt. Gox
Bitcoin Mt.Gox 750,000 Bitcoin Mt.Gox 100,000
( Bitcoin 565 Bitcoin 480
7% Bitcoin ) Mt. Gox
127,000 1,000 Mt.Gox 32.4

Mt.Gox Bitcoin

Flexicoin Bitcoin Bitcoin
Bitcoin 896 600,000
Bitcoin Silk
Road Silk Road
FBI
Disclaimer: The information contained in this report has been obtained from sources believed to be reliable. However, neither we nor any of our respective affiliates,
employees or representatives make any representation or warranty, express or implied, as to the accuracy or completeness of any of the information contained in this
report, and we and our respective affiliates, employees or representatives expressly disclaim any and all liability relating to or resulting from the use of this report or such
information by the recipient or other persons in whatever manner.
Any opinions presented herein represent our subjective views and our current estimates and judgments based on various assumptions that may be subject to change
without notice, and may not prove to be correct.
This report is for the recipients information only. It does not represent or constitute any advice, offer, recommendation, or solicitation by us and should not be relied
upon as such. We, or any of our associates, may also have an interest in the companies mentioned herein.

Bitcoin
coindesk.com 2014 Venture capital (Start-up)
Bitcoin 64 ATM Bitcoin
Bitcoin Winklevoss Bitcoin ETF
NASDAQ Overstock Zynga Bitcoin
Ebay Expedia Dish Network
blockchain.com Bitcoin
Wallet 1.8 ( 1)

Bitcoin Bitcoin 2009


2013 ( 2)
1
Federal Reserve Bank of St. Louis Bitcoin 40
2,000 115 bitcoincharts.com
Bitcoin (CNY) (USD) ( 3)
Exchange Okcoin ( 4) Bitcoin
2
Bloomberg
Bitcoin 1,100
( 5) Bitcoin 620


(Cyber exchange)

Bitcoin

Bitcoin Bitcoin Bitcoin
Bitcoin
Bitcoin (e-money)
(foreign currency) (private money)
Bitcoin Bitcoin

Financial Services Agency (FSA) Bitcoin



1
2

http://www.stlouisfed.org/dialogue-with-the-fed/assets/Bitcoin-3-31-14.pdf
http://www.bloomberg.com/news/2013-08-22/why-the-chinese-love-bitcoins.html

Disclaimer: The information contained in this report has been obtained from sources believed to be reliable. However, neither we nor any of our respective affiliates,
employees or representatives make any representation or warranty, express or implied, as to the accuracy or completeness of any of the information contained in this
report, and we and our respective affiliates, employees or representatives expressly disclaim any and all liability relating to or resulting from the use of this report or such
information by the recipient or other persons in whatever manner.
Any opinions presented herein represent our subjective views and our current estimates and judgments based on various assumptions that may be subject to change
without notice, and may not prove to be correct.
This report is for the recipients information only. It does not represent or constitute any advice, offer, recommendation, or solicitation by us and should not be relied
upon as such. We, or any of our associates, may also have an interest in the companies mentioned herein.

Bitcoin
(Internal Revenue Service IRS)
Bitcoin (Property) Bitcoin

European Banking Authority (EBA)


3
"Warning to consumers on virtual currencies"

Monetary Authority of Singapore (MAS)


Bitcoin
(OECD) The Bitcoin Question: Currency
4
versus Trust-less Transfer Technology
Crypto currency Exchange



Bitcoin

5

Bitcoin


Bitcoin Bitcoin
Bitcoin
Bitcoin
Bitcoin ( QE)

Bitcoin Mt.Gox
Mt.Gox Bitcoin
Bitcoin

Bitcoin
Bitcoin Bitcoin
3

https://www.eba.europa.eu/documents/10180/598344/EBA+Warning+on+Virtual+Currencies.pdf
http://www.oecd-ilibrary.org/content/workingpaper/5jz2pwjd9t20-en
5
http://www.bot.or.th/Thai/PressAndSpeeches/Press/News2557/n0857t.pdf
4

Disclaimer: The information contained in this report has been obtained from sources believed to be reliable. However, neither we nor any of our respective affiliates,
employees or representatives make any representation or warranty, express or implied, as to the accuracy or completeness of any of the information contained in this
report, and we and our respective affiliates, employees or representatives expressly disclaim any and all liability relating to or resulting from the use of this report or such
information by the recipient or other persons in whatever manner.
Any opinions presented herein represent our subjective views and our current estimates and judgments based on various assumptions that may be subject to change
without notice, and may not prove to be correct.
This report is for the recipients information only. It does not represent or constitute any advice, offer, recommendation, or solicitation by us and should not be relied
upon as such. We, or any of our associates, may also have an interest in the companies mentioned herein.

Federal Reserve Bank of St. Louis


(Price) (Intrinsic value) Bitcoin Bitcoin
Intrinsic value
Bitcoin

Bitcoin

Bitcoin Bitcoin
Bitcoin Bitcoin

Bitcoin Mt.

Gox
Bitcoin Bitcoin
Bitcoin
Bitcoin
Bitcoin Bitcoin
Bitcoin
Bitcoin
Bitcoin
Bitcoin
Implication

Bitcoin
Bitcoin

Bitcoin

Disclaimer: The information contained in this report has been obtained from sources believed to be reliable. However, neither we nor any of our respective affiliates,
employees or representatives make any representation or warranty, express or implied, as to the accuracy or completeness of any of the information contained in this
report, and we and our respective affiliates, employees or representatives expressly disclaim any and all liability relating to or resulting from the use of this report or such
information by the recipient or other persons in whatever manner.
Any opinions presented herein represent our subjective views and our current estimates and judgments based on various assumptions that may be subject to change
without notice, and may not prove to be correct.
This report is for the recipients information only. It does not represent or constitute any advice, offer, recommendation, or solicitation by us and should not be relied
upon as such. We, or any of our associates, may also have an interest in the companies mentioned herein.

1: Bitcoin (Wallet Number of Users)


2,000,000
1,750,000

User Count

1,500,000
1,250,000
1,000,000
750,000

500,000
Jul13

Aug13

Sep13

Oct13

Nov13

Dec13

Jan14

Feb14

Mar14

Apr14

May14

Jun14

Jul14

: EIC blockchain.com

2: Bitcoin Exchange 5 ( 80% )


mn USD
400

300

200

100

Jun-13

Aug-13

Oct-13

Dec-13

Feb-14

Apr-14

Jun-14

: EIC bitcoincharts.com

Disclaimer: The information contained in this report has been obtained from sources believed to be reliable. However, neither we nor any of our respective affiliates,
employees or representatives make any representation or warranty, express or implied, as to the accuracy or completeness of any of the information contained in this
report, and we and our respective affiliates, employees or representatives expressly disclaim any and all liability relating to or resulting from the use of this report or such
information by the recipient or other persons in whatever manner.
Any opinions presented herein represent our subjective views and our current estimates and judgments based on various assumptions that may be subject to change
without notice, and may not prove to be correct.
This report is for the recipients information only. It does not represent or constitute any advice, offer, recommendation, or solicitation by us and should not be relied
upon as such. We, or any of our associates, may also have an interest in the companies mentioned herein.

3: Bitcoin

: EIC bitcoincharts.com

4: Bitcoin Exchange

: EIC bitcoincharts.com

Disclaimer: The information contained in this report has been obtained from sources believed to be reliable. However, neither we nor any of our respective affiliates,
employees or representatives make any representation or warranty, express or implied, as to the accuracy or completeness of any of the information contained in this
report, and we and our respective affiliates, employees or representatives expressly disclaim any and all liability relating to or resulting from the use of this report or such
information by the recipient or other persons in whatever manner.
Any opinions presented herein represent our subjective views and our current estimates and judgments based on various assumptions that may be subject to change
without notice, and may not prove to be correct.
This report is for the recipients information only. It does not represent or constitute any advice, offer, recommendation, or solicitation by us and should not be relied
upon as such. We, or any of our associates, may also have an interest in the companies mentioned herein.

5: Bitcoin
USD/unit
1,200
1,000
800

600
400
200
0

Jul-10

Jan-11

Jul-11

Jan-12

Jul-12

Jan-13

Jul-13

Jan-14

: EIC Bloomberg

: (Piyakorn.chonlaworn@scb.co.th)
SCB Economic Intelligence Center (EIC)
EIC Online: www.scbeic.com

Disclaimer: The information contained in this report has been obtained from sources believed to be reliable. However, neither we nor any of our respective affiliates,
employees or representatives make any representation or warranty, express or implied, as to the accuracy or completeness of any of the information contained in this
report, and we and our respective affiliates, employees or representatives expressly disclaim any and all liability relating to or resulting from the use of this report or such
information by the recipient or other persons in whatever manner.
Any opinions presented herein represent our subjective views and our current estimates and judgments based on various assumptions that may be subject to change
without notice, and may not prove to be correct.
This report is for the recipients information only. It does not represent or constitute any advice, offer, recommendation, or solicitation by us and should not be relied
upon as such. We, or any of our associates, may also have an interest in the companies mentioned herein.

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