Somehow, the many (?) Cassandra’s messages of late about Bitcoin being a hyped-up bubble about to burst and how it’s the laggerds (only) that now want to jump in, drive up prices but will be the Greater Fools in the game, sounds a bit … false bottom.
[Unsure what the exchange rate is, today. Has the bubble burst already, or ..?]
I’d say, how many countries, and moreover how great a many financial organisations (private or public, or regulatory or inter/supranational) may have an interest to blow up Bitcoin, as a demonstrator that all that blockchain stuff isn’t any good after all ..? Because the promise of blockchain was, and is, that it will not need any, traditionally somehow still geography-bound, standing governing body avalanched-under by politics, gross misunderstanding of the core concepts ruled over, etc. In short, power struggles.
And that, of course, may be a future that some will not allow. And fight to their deaths – inevitably, not by nature but by cause and earlier. But still they simply won’t have it, that blockchain/Bitcoin/smart-contract/whatevva shazam. With the only way to get rid of it in an inconspicuous manner, is to … inflate it till it goes borsht. Risk, but possibly profit hugely during the trip ..? Case in point: this one [hope the link is still valid, and it’s in Dutch which may mix semantic levels to be tauto]