[rsynnott]

Greater fool theory; "I'm buying this thing early, so that when it hits the mainstream a load of naive people will buy it and boost my value". That has probably largely passed now, though; I see train station ads to buy bitcoin all the time.

I'd be somewhat surprised if it ever goes back to its beginning-of-year heights.

[singularity2001]

There might come one last hype cycle when/if the rest of the world (EU) enters a mainstream BTC hype. The last one was mostly US.

Or the network could collapse to 0 before.

[Vrixam]

Bitcoin was quite a hype in the EU around December last year, with it being talked about in bars, at the hairdresser etc. And people putting all their money in of course.

[rsynnott]

The train and tram stations in Dublin were covered in etoro crypto trading ads a while back, so I think it’s been and gone in Europe. And I believe it’s already had its day in China and Korea.

Africa, maybe? South America? I doubt there’s much there, to be honest.

[lucidlive]

They said the same exact thing when Bitcoin went from $1k back down to $300.

[jstandard]

What made it rise from $300 to current day prices? What price do you think reflects it's real value? Why is it worth that price?