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by Jommi 3152 days ago
It's a virtual currency with a limited supply, but with a constantly growing interest(demand). This interest is not primarily driven by bitcoin's inherent qualities but more through:

1. Using bitcoin to acquire other cryptocurrencies 2. Promises of future profits 3. Getting "free money" by having bitcoin (Bitcoin cash, bitcoin gold)

The first one might actually be healthy, while 2 and 3 are most close to a pyramid scheme / "tulip mania" style scenario.

One thing is for sure. No one knows what exactly is going to happen.