It is common sense to understand that Bitcoin created out of thin air is just a money chain that runs on everyday hope... a pure speculation.
All big guys started to pump it a lot these days..... but their only explanation is that it will hit some unimaginable, unrealistic, and more like a stupid value in next few years... I.e., one coin reaching more than a million dollars!
Their explanation is that there is only 21 million coins available in the world! What an idiotic argument!
Here the real question is who created this and who own majority of it while creating and wasn't that free for him... For me it is all pure scam.... there are millions of computer literate people and resources and millions of options to make digital currencies...
So Bitcoin is like a baby collecteing 100 buckets of water from the ocean and telling that you can buy it for $1 today and tomorrow you can sell it for $1000. But if you collect another bucket of water directly from the ocean, it is different? Another rich man says the water from China Sea has blood in it! All these idiots take special plane, boats, energy non-efficient sports cars and talks big to fool us. They burn more gasoline than any common man.... Never take their words!
By the time we use our common sense, these guys will be sitting on their profits and we will be holding a really ugly bag!
Think, investment firms will not ever sit on a Bitcoin.. it is very risky for them... they need to realize profits and will sell it when there are good times! All their pumping leads to that and that is the only thing going to happen...
Remember, big rich guys are all the same... they are one and will unite to eat up the trillion dollar stimulus checks... They will make it happen and the most easy route now is the Bitcoin pumping... The easiest way to double their fortune in short time...