mark my words the price won't significantly rise again until a couple of things are fixed: scalabilty (at least a bandaid) and the bitcoin winklevii ETF
There was no significant reason for the rise to $266, nor to $1200. Ergo, there need not be a significant reason for it to bubble again. I also don't know why people think that the scalability actually means much of anything. I hardly doubt there are big players sitting on the sidelines saying, well I'm not buying in because it won't scale! If that logic had merit we wouldn't have ever made it to the $1200 ATH. And the ETF? *yawn*.