[philhippus]

The fact is BTC is a currency and is currently operating as such. There will be price corrections of course but it is already established and its primary trend is up.

As a currency trader of ten years I see this energy-backed means of exchange reaching astronomical levels if the network does not suffer any major catastrophe.

What looks like a bubble here may well be an attempt to establish a base. $100 seems like a reasonable psychological base level after it is broken. From there, with greater adoption and acceptance, $1000 is targetable.