2017 has indeed been a crazy year. I'd pretty much forgotten about it... well not forgotten about it but it had been on the backburner of my mind for quite some time as I was busy with other things, but it's been all over the news again recently and I can see why. It's both a very exciting and concerning time for bitcoin as many new users jump on board trying to make some cash I just hope it doesn't turn into a bubble and pop at some point after all the excitment has died down.
Bitcoin has a ceiling of 21 million, which is a fatal flaw. It also decided that it could not be used as a currency, as well as an excellent speculative tool.
That's not a flaw at all. That's one of its many many great features. The fact that there cannot be more than 21 million makes if deflationary and that's why it's better than fiat in theory. Because bitcoin is limited and finite it's what gives it its worth because it's fairly rare like gold, only much better as a currency than gold is.