I remember that on 1st January 2017 , the price of bitcoin is about $1000, but now we can see the price is already over $7000. To be honest, that is why some people said this is bubble since the unbelievable rising of bitcoin. However, let us look back upon the history, we can tell that Email subvert the postal industry, Amazon subvert the retail industry. Furthermore, Will bitcoin subvert the traditional banking?
Above is just my personal idea.If you like or not, I wish everyone here have a nice day.
Bitcoin is almost guaranteed to be in a bubble period right now, I would be surprised if there was nothing that pops the bubble sometime in the future, but you never know. There might be a constant rise and then a small pop later, it might never pop at all, the fact of the matter is, this is insane right now and it's surprising that it has taken this path.
I wouldn't have put money on Bitcoin rocketing up to $7k over the course of just a few days if you asked me two weeks ago,, but I guess I should start putting money down on some of these predictions since they always seem to be right, and my conservative estimates are often wrong.