Wow, as I watched trading on GDAX climb over 9,000 USD/BTC, trading immediately spiked to 9,100 before coming back down to 9,050. This is unreal.
I'd love to get some opinions on just how high it might go. When I see the demand to purchase side versus the available to purchase side of the equation, it implies a demand drastically outweighing supply (at least on GDAX exchange). Wouldn't this make it reasonable to assume that the price will continue to soar? Will the currency level off and stabilize, or will it continue to push forward to new heights? I'd love to see some comments/discussion.