Post
Topic
Board Bitcoin Discussion
Re: Is this Bitcoin run sustainable?
by
Bolt Brownie
on 02/12/2017, 19:36:28 UTC
I'm beginning to fear that this Bitcoin run up is a bit too fast and a bit of a bubble. Does anyone else get the same feeling?

I will be really surprised if we close out the year above 10k....

Why are you saying that? Bitcoin is becoming mainstream, and institutional investors are about to come in with all their money, so what we are seeing is perfectly normal in my opinion. Even JPMorgan that is now considering launching bitcoin futures on the CME, and we all know what Dimon thinks about bitcoin. Not saying he changed his mind about BTC, but if even his bank is probably entering the market, why wouldn't others do the same. I'm very confidant we will close the year above $10k, and it doesn't look like a bubble to me, if you compare the BTC market cap, to gold market cap.