You don’t need brilliant financial analysis skills to notice that Bitcoin is in a bubble. It has grown in value from about 39 cents to over $18,000 in just eight years and recently attracted broad media attention by doubling in just a few days. The conventional wisdom had been that illegal and illicit transactions — buying drugs or transferring money out of Argentina — accounted for much of Bitcoin’s value. Today the mainstream view sees mere greed and speculation.
Read More Here: https://www.nytimes.com/2017/12/18/opinion/bitcoin-boom-technology-trust.html
