Bitcoin passes $200 mark for the first time
Bitcoin, the controversial electronic currency, has passed the $200-mark for the first time, setting new records despite talk of a bubble.
No one, no one at all, is stating definitively that Bitcoin is a bubble.
Rather, an awful lot of people are looking at the price and going, hmm, that looks a bit bubbly. Yes, new paradigm, fundamental change in the world, entirely new, only 21 million ever and only non-governmental currency untraceable and…….but, the price behaviour. It just looks very bubbly. Like tulips, like Polly Peck at one time, like Poseidon (think that was it, Oz nickel firm) and so on.
It is possible that there really is a new paradigm: but that price still looks very bubbly indeed.