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Wednesday, August 30, 2017

Bitcoin So High Above The Bubbles They Can't Be Seen

Bitcoin So High Above The Bubbles They Cant Be Seen

Since its first big spike in growth and subsequent plummet with the Mt. Gox hack, Bitcoin has been labeled a bubble waiting to burst. People have likened its growth to many different bubbles, most notably the dotcom boom in the 1990s.

However, the truth of the matter is that Bitcoin keeps breaking barriers as it reached another all time high this week. In fact, a closer inspection of the growth, and the eventual burst of the associated bubbles shows that Bitcoin is so far off the charts that it looks like an absolute outlier.

This year alone, Bitcoin has surged over 350 percent as it reached $4,650 coin. However, it is not the only one driving the market for digital currencies.

"The entire market cap for digital currencies is up near 800 percent this year as other cryptocurrencies experience huge gains, some even more than Bitcoin."

Full story at

Source: CoinTelegraph

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