So I have been reading tweets and other media outlets which are predicting that the BTC will have a huge surge by December. Have anyone come across this and I don't know if I should be excited or that's another bubble waiting to be needle pricked.
I wouldn't call it a bubble this time because the first one had it's full run. Now things are starting to look more dependable and reliable in terms of the long term future outlook of bitcoin and adoption in more places. It will be readily available and more easily used in daily aspects of our lives throughout next few years, so there's a good reason for getting into it.
The big huge run we saw last year was a bit fake for a few reasons. Bitcoin was a good place for Chinese to protect themselves from currency devaluation, and it was just that--short term hedge. That momentum caught fire all around the world and everyone jumped into it without knowing what it was. Typical herd-like investment mentality.