The price of Bitcoin is increasing at an exponential rate and it's going to continue at least until it is worth between $20,000 and $100,000 / 1BTC
Here is why!
Many people look at the price increase of Bitcoin and think it's a typical investment bubble, but I think we should not consider Bitcoin to be just another stock. Bitcoin should rather be compared to Email, Websites, mp3 and eBooks instead.
It's a technological innovation that to a large extent may replace the previous technology in 5 stages:
We've seen exponential adoption rates of several fields of life all reinvented thanks to information technology. Crypto currencies are the next step for money and they are being adopted at an exponential rate as well, just like email a few decades ago and eBooks a few years ago. And we don't even talking about the music industry, who buys a record in a physical store since the iTunes revolution, do you see where I'm going?
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