Anyone want to speculate on why the price of bitcoin has been trending up, what seems to me to be sharply, over the last week? Did I miss a bit of news that made bitcoin much more valuable?
Probably another empty rise, like Bitcoin has done in the past. It seems that there is a large lag between an improvement in fundamentals and its reflection in Bitcoin's price.
Remember June 2011? The fundamentals are far better now than then, yet the price remains lower.