hi
I feel Bitcoin is in speculator territory as it’s price rise has been nothing less than spectacular.
These kind of price rise could be noted in IT stocks in the 97 - 2001 period and banking and financial stocks 2004 - 2008 aptly called irrational exuberance by the then fed reserve chairman Mr. Alan Greenspan.
After the speculator market is over a more mature market tends to take its place where more sensible metrics is used to value the true worth of the currency.
I feel Bitcoin is now in fantasy land and a more realistic market is yet some time away.
You could very well be correct...I don't own much bitcoin....use it mostly to trade other altcoins which I realize are most likely more speculative in some ways...but...the market is less about real life use and more about how many people want to buy in....
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