I love countering poor journalism and what we have here is a prime example.
Bitcoins price rallied to over $6,600 yesterday, but it had been well under $6,000 last week. Even at $6,600, bitcoin is still worth 70 percent less than it was at the beginning of the year.
And it's worth over 300% more than it was exactly 1 year ago. If you want to be objective, you should present describe it from every angle, not just one.
I use the term worth cautiously because bitcoin is really worth nothing, since its backed by nothing or no one.
Statements like this one show that the author has no understanding of value. Personal view doesn't matter when it comes to value, the vote is in the hands of the majority.
For one person a bottle of old wine can be worth $100 at the most, but there are people who are willing to buy it for $1000. This makes that bottle worth $1000, despite what that one guy thinks of it.