I think Bitcoin prices are going to come down. Whether that is soon or after another 10%, 100%, 1000% run is anybody’s guess. Sooner or later governments are going to decide they need a piece of the pie and they’re going to start regulating it (I don’t know how, but I’m sure they’ll figure it out). That will put a damper on things for sure.
Now if you’re an optimist, you might consider that the total value of bitcoin at the moment is only around $200 billion US. That’s what you’d be worth if you owned ALL of the Bitcoins currently available. Companies like Apple and Amazon are worth two, three, four times that. So if you think Bitcoin is intended to be a currency to replace whatever currency your country uses, then its WAY undervalued.
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