PART ONE: https://steemit.com/bitcoin/@goradyne/part-1-bitcoin-beats-stocks-bonds-and-gold-again
Apparently, the ongoing run up in Bitcoin and other digital currencies has most of the elements of a bubble, but isn't one at all. It’s an exotic asset that comes with big advantages—a better hedge against global uncertainties than conventional hedges like gold; a convenient medium of payment around the globe; and a limited supply--21 million. This ensures stability and fairness for all, investors, common people or Steemians!
Meanwhile, there’s investor hype. More and more investors are becoming familiar with the digital currency, and can use investment trusts like GBTC to conveniently participate in the market.
Investors who have been around Wall Street long enough know all too well that when money becomes tight and investment promises aren’t fulfilled, bubbles and manias end; and millions made are lost much faster than they were made. But the clear fact is that Bitcoin is not a bubble by itself, it has been resilient to various threats over its lifetime. The UASF is just one example of many of Bitcoins robustness.