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When Bitcoin was $1,000 you could have made the same argument in suggesting it would never go to $15,000. Buyers today are not considering “should I or should
by davidgh 9y ago
When Bitcoin was $1,000 you could have made the same argument in suggesting it would never go to $15,000.
Buyers today are not considering “should I or should I not enrich those who bought earlier”. They are simply making a bet that the value might go up and want to own some if it does.
As an asset rapidly increases in value and the underlying driver of that increase is not well understood, all sorts of unexpected things can happen. The question is not how big will the bubble get, but who will be left standing when the music stops.