So, what do you say to those who suspected Bitcoin and the cryptocurrency fire of being a bubble, as BTC approaches $15K? Right now, Bitcoin has risen to $14,160. Anyone who’s anyone is buying in. Excellent. This will prove eventually, a digital and transparent system of exchange is possible and exists—it does exist, but soon, again thanks to Blockchain, this system of transparent exchange free of meddling, will bust out beyond the niche of digital currency.
Bitfinex’s book, pictures above, is either super slow to the take or Bitcoin literally jumped $150 in three minutes. Hey, it’s possible. Bitcoin is literally smashing the charts and reaching for a value greater than your average hedge fund manager can wrap their head around. And that’s the best part about Bitcoin and altcoin: no one really knows what’s going to happen, what’s happening, or what happened. It just is. And because folks seem unable to wrap their heads around these concepts, because it’s “so completely foreign”, it’s “got to be a bubble”. No. It doesn’t.