Its not a bubble. Its worth less than mcdonalds. Its 30 times smaller than the gold market. There are only 18 mill wallets containing 100$ worth of btc on average. 0.2% of the world populatiln owns btc. Alot of people still have not heard about btc. I just namedrooped btc to a 60 year old. She hadnt frigging heard about it. Ñot a bubble.
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Mcdonalds or gold cannot be copied identically overnight :) Probably it will go up in the near future but any logic is long gone...
If it's not a bubble why is it going up when there is a hardfork happening soon ? People are acting like this is good news...
Only 30X smaller than gold? I thought 100X smaller than gold.
BTC needs to be $25K, for BTC market cap to equal 5% total world value for gold.
BTC has to increase by 4X, to be 20X as small as gold.
Whatever.
BTC is a freaking pip squeak and insignificant portion of current GOLD market cap
Yeah, you're right. Dunno where I got 30x from :D
80x is more like it :)