> huge demand and limited supply are necessary for any bubble to get going Does that mean gold is in a bubble? I mean, who are we to say either way? Bitcoin is

> huge demand and limited supply are necessary for any bubble to get going Does that mean gold is in a bubble? I mean, who are we to say either way? Bitcoin is arguably more useful than gold and it's supply is known with great precision. You could say that Gold is more speculative in a way since somebody could be sitting on a stockpile that is equal to half of the known supply. > The whole system does require new money coming in all the time to maintain current price levels That's only true for the next few years, then no new coins are created. You can't see how it's not a bubble but frankly, I have trouble seeing how we can say it's in a bubble. Maybe it is, but I don't think anybody knows how to evaluate bitcoin... it's not like anything we've seen before. When IBM started selling computers, their roadmap didn't include home computers because they didn't think that anyone would ever want a computer in their home. We understand the implications of bitcoin now about as much as IBM understood the impact of computers back then.