Hello everyone,
I just joined this wonderful forum because I found the conversations are very interesting. I have been studying BTC for quite a while and finding the latest price increase is simply nuts! Why is it going up so much so fast? Anyone got a sensible answer?
I just joined this wonderful forum because I found the conversations are very interesting. I have been studying BTC for quite a while and finding the latest price increase is simply nuts! Why is it going up so much so fast? Anyone got a sensible answer?
Think of it like a tech stock.
Current Market Cap (billion USD)
Twitter 13.4
Snapchat 26.4
Bitcoin 28.7
Yahoo 47.7
Facebook 438.5
Market has decided Bitcoin is no longer equals a Twitter. Now it is about a Snapchat in value.
Given the underlying potential of the technology it is entirely possible that some large institutional investors have decided that it may be worth a Yahoo which if true bodes well for gains in the future.
