[md2020]

> As the price of Bitcoin increases, more people are attracted to it, which then drives its price even higher - creating a self-reinforcing upward spiral that is unsustainable and will eventually collapse. You could say this about housing and the stock market as well, and I don’t think those are scams. This is just price discovery. Also, the price of bitcoin has “collapsed” several times in its history, much like the stock market.