Bitcoin continues to defy the bubble rumors, smashing past $8,000 per coin last weekend, another milestone. It looks like Bitcoin is either becoming the new digital gold or the newbie currency that’s here to stay. The disappointment at the cancellation of the SegWit2x hard fork has been eliminated and Bitcoin developers should be able to focus on better efficiency moving forward.
There are some who are now wondering if Bitcoin is experiencing an identity crisis. Is it a peer-to-peer electronic cash system or an investment vehicle? As Bitcoin looks to solidify its place in the investment universe, where might it end up?