It may well be, that doesn't explain why the price has gone from $10-$130 in a few months. That sort of growth is clearly speculative and therefore unsustainable and at some point there will be a correction.

You can believe in the future of bitcoin without sticking your head in the sand, which unfortunately seems to be the standard response for many people here.

If bitcoin is going to grow and be successful it will have to be based upon actual value and real growth, not simply speculation.