I couldn't imagine the price will touch at $1,800 plus I was wrong with my speculation past few days .. that the price can be stay at $1,700.
Do you think guys the price of bitcoin today is overvalued?
Or this is just because the price was rise because of the good news about legalized bitcoin in japan country?
Overvalued? Maybe, maybe not. Apparently there are a significant number of people who think it is undervalued otherwise they wouldn't be buying and the price wouldn't be rising.
As far as Japan, it's been speculated in articles that 260,000+ business could be accepting bitcoin
BEFORE the start of summer.
https://www.cryptocoinsnews.com/bitcoin-accepted-260000-stores-japan/Imagine how many more Japan business will be accepting bitcoin by the end of this year and beyond. Could be bitcoin is actually undervalued.
In any case, Bitcoin doesn't care if it's overvalued or undervalued. Bitcoin is just going to bitcoin as it always does.