How do you feel about the Coinlabs/bitcoin deal?
http://bitcoinmagazine.com/coinlab-bringing-bitcoin-to-wall-street-with-mtgox-deal/The market exuberance is partially due to mining speculation, I am sure Avalon-ASIC taking BTC payments has bumped the trend.
There is a wildcard with the Chinese, they are very close to a bubble burst/economic meltdown from their real estate sector. I am really curious about acceptance of Bitcoin in the Asian market. This is totally speculative, but Bitcoin would be an attractive place for savings savvy Chinese to store wealth; so far the returns far exceed inflation. Bitcoin will also have the advantage of being very fluid in a market driven by export and manufacturing. Once one site starts accepting Bitcoin on the Chinese mainland it could cause a resurgence. Probably what is holding back the flood gates is Chinese offshore investment laws.
lol i like the bullish/bearishness
crazy though, i was expecting movement but in the other direction!!!, at this point I think the amount of new money coming in is very high, also the demo that bitcoin is after is pretty deep pockets so seeing predictions in the 50-100 dollar range may definitely be reachable especially at this rate of growth,
shit is going to be going nuts if we start seeing hedge funds and people buying and selling millions at a time if there ever so happens to be a time like this in the foreseeable future
Again, China.