It has been amusing to hear from both the advocates and pundits of the current meteoric Bitcoin rise. And is $10,000 the ceiling? Probably not. But we need not forget the stock market crash of only a few years ago to keep our focus on the promises of great wealth AND potential for a huge correction. After all, Bitcoin is now worth 17 times the cost of gold – the standard for more than 100 years. Has intrinsic value been replaced by virtual value? If history is any measure,well no.
But time will tell.
Thanks to CNBC