How sustainable is this though? Are there any analyses out there about this crazy rise in bitcoin value?
I would like to hear some good arguments to persuade me this isn't a self-reinforcing bubble with nothing at the end of it except a loud 'pop'...
Don't sweat cat-pipe, he's an expert at being the killjoy.
The best argument I can think of is the resources and capital already expended in the market. Wherever you have vested interest, a sustainable market is sure to follow, even if some of the participants are pure egomaniacs.
Have a good one!