Many were hopeful that Bitcoin would make it to $10 000 by the end of the year.
Well it's just blown past that milestone like it was parked.
What? besides speculation and hype is driving this massive rise in price? It could be plain old manipulation but it could also simply be that there are some really good underlying fundamentals.
Could it be that non-crypto investors are cottoning on to the fact that it is a great hedge against existing currencies, economies and governments? that are overburdens with debt and derivatives?
There are more high net worth individuals in the world than there are Bitcoin. Even among only the super wealthy they would not be able to own a single bitcoin each. They might want too because it doesn't take a rocket scientist to realize that owning some bitcoin can protect you from a number of financial shocks. It definitely needs to be in everyone's portfolio.
Like the start of the internet was developed by the US military to survive nuclear war and destruction of cities, bitcoin can survive the collapse of fiat currencies, governments, states and economies due to its globally distributed nature.