I have a couple work friends speculating in bitcoins. One sold 5k of company stock from the stock purchase plan and bought bitcoins.
I know I'm not generally a prophet but I think we're in bubble territory. What is the reason it's really increasing in value so rapidly other than sheer speculation?
At the end of October 2016, it was at 702.
Last Saturday, it was at 1900.
Yesterday, it was at 2450.
Today, 2760 (up 11% in one day but fluctuating).
Anyone thinking Tulip Bulbs?