All this talk about bubbles...what if it's just an S-curve?
Jamie Dimon of JPMorgan admits that he refuses to short-sell Bitcoin because even he suspects it may grow to a value of $100 000 USD before bursting. But, will it burst?
Many are saying this current price-rush in cryptocurrency is unsustainable. That it has all the indicators of a bubble. What they fail to mention is that it also has all the indicators of an S-curve.
What's an S-curve? Well, it looks like an S (obviously). It starts flat, suddenly rises extremely rapidly, nearly vertically, then straightens out. This happens when a new technology, like the internet, for example, gains mass adoption to the point of ubiquity, and then flattens. It appears, at first, to be a bubble, but never crashes and instead, levels out at the point of widespread acceptance.
Cryptocurrency is experiencing a bubble or an S-curve. It is being adopted all over the world at an extremely rapid pace. Will it utterly fail and collapse into oblivion, or gain mass adoption and utility throughout the world? I am guessing you can deduce which is more likely between those two possibilities.