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Bitcoin is unique in that it's a currency bubble. Any currency that isn't imposed by a government will have to have a growth rate that looks like a bubble on it
by natrius 13y ago
Bitcoin is unique in that it's a currency bubble. Any currency that isn't imposed by a government will have to have a growth rate that looks like a bubble on its path to becoming widely adopted.
The way that currencies collapse is by people losing faith in them en masse. Either something will happen to make people lose faith in Bitcoin, or it will continue to be adopted and it's value will increase.
It sounds absurd because the upside potential for Bitcoin is absurd. It could also be worth zero one day. Time will tell.