Since December 17th Bitcoin has had a sharp drop and while has recovered to $11,438 to the time of writing, it has been going down consistently.
I’m quite confident there is a bubble in cryptocurrency and Bitcoin is the head of it. Just like in 2013 when the price reached just over $1000 it crashed back down to $300 in a matter of months which is what we could be seeing here.
I’m confident that there’s a bubble because ICO’s are popping up every single day and people are buying into them not because of their actual value, but are buying because they are cryptocurrency and the buyers are confident the price will go up.
The bubble I believe will pop quicker than expected and Bitcoin has stopped its unstoppable run it had from March to December. And once Bitcoin pops, everything goes down with it because when Bitcoin does good or bad, every other market follows.