Bitcoin price remind us of a bubble phase of stock price, real estate price, and tulip price. It might be so. But I think it keep rising.
Because it has a good reason. #1: Chinese people are desparate to move their savings out of the border. Because CHY is devalueing rapidly. #2:Japanese people are desparate to move their savings to the devalue-safe asset. Because the real interest rate is negative in Japan. #3: Korean people are desparate to move their savings to the stable currency. Because Won is devalueing fast. And it goes on Taiwan, India, etc. But most dseperate people have to be Americans. Because USD is weakening from January this year. Considering almost every currency is tied to USD, it is reasonable that people of
