Bitcoin is one of the best-designed products of modern times, according to multinational business magazine Fortune.

Fortune teamed up with the Institute of Design at the Illinois Institute of Technology to create the survey, a replica of one it made in 1959.

Bitcoin ranked on top 100 greatest designs of all time
Forbes ranks Bitcoin on the same list as major commerical products. Image: Fortune

As a result, numerous educators, influencers, freelance designers and corporate design teams placed Bitcoin in the same weight group as Apple’s iPhone, Macintosh and Google Search Engine. Although not quite as highly, they ranked Bitcoin 90th.

Bitcoin has seen a strong revival after its massive crash. Image: Shutterstock.

Price surge pushes Bitcoin towards $7,000

Bitcoin (BTC) is heading up towards the $7,000 price point after surging by 23% in the last 24 hours. Although the price of Bitcoin is shifting rapidly, it currently sits at $6,850—up $1,600 from a low point of $5,250 yesterday. Bitcoin has now been in an uptrend for four consecutive days, throughout which it has climbed from a bottom of $4,583, up to its current value—a rise of 50%. Nonetheless, the cryptocurrency is still down 29% for the month, after seeing a dramatic sell-off between March...

NewsMarkets
2 min read
Daniel Phillips

“Bitcoin wasn’t invented, it was designed so that a wide range of stakeholders—developers, investors, businesses, miners, individuals—all had incentives that reinforced adoption of a new digital currency, without any central issuer or governing authority,” said David Kelley, the founder of global design company IDEO.

He noted that just after 10 years after its release, Bitcoin’s market capitalization is nearing $200 billion (most likely, the list was finalized before the recent “holy liquidation”) and is used by millions of people around the world.

“I don’t think any product in the history of the world has bootstrapped quite so effectively,” Kelley added.

So, at least Bitcoin’s not dead yet.

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