The astronomical growth of Bitcoin's market capitalization in the last 2years has generated mixed feelings amongst speculators, investors, and critics. The obvious questions are: how much more room does it have to grow? Is Bitcoin in a Bubble? When is the bubble likely going to pop?
Just last September, the legendary investor of the century @Warren Buffet speaking about Bitcoin on CNBC said "Stay away from it. It's a mirage basically." In spite of this, more and more institutional money seems to be coming into the CryptoSpace as hedge funds around the world are adopting Cryptocurencies as asset classes.
Comparing Bitcoin with all other assets classes in history, it is shocking to realize that Bitcoin is rising faster than any asset class we have seen over the last 400 years. From the South Sea Bubble back in the days of Sir Isaac Newton, the US stocks market boom of the 1920s, the Dotcom boom of the 1990s, to the Oil boom of the early 2000s none even comes close to the parabolic growth of Bitcoin.
With Bitcoin currently at $8,000 are we going to see a $100,000/bitcoin in the coming years or are we going to see it all crash to Zero? I guess time would tell.
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