Bitcoin is currently over $11k, and so many people who say they "don't know much about Bitcoin" want to call the current Bitcoin price a bubble..
Now looking at this chart you may think it looks a lot like Tulip Mania
But if you see in the chart the price skyrocketed and crashed within a few months, and definitely was NOT limited.. since you can grow an unlimited supply of Tulips eventually (even if there is a shortage).
However you cannot just grow unlimited Bitcoin..
So yes over time we may see big crashes (or corrections) along the way as adoption grows..
But as I have talked about in many posts:
The more Bitcoin is used..
The more valuable and dividable it will become..
We hope you're right!
Because there are millions of people who would love to get some cheap Bitcoin.
Thanks for checking this out, and let me know what you think!
Image Sources: 1, 2, 3, 4, 5, 6, 7, 8
Disclaimer: I am not an Investment Advisor, and this is not investment advice. This for entertainment purposes only!
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