It is not often that we witness “Mania” when it comes to an investment. We saw the dotcom boom in the late 90’s, the housing boom in the 2000’s and I think we have certainly reached that point with Bitcoin. The FOMO or fear of missing out on the current increase in Bitcoin prices is extremely hard for any investor to ignore, but like all investments its most important when the fear or greed runs its strongest.
Let me start by saying I am a believer in Blockchain Technology, this is going to become something that dramatically impacts all our lives in the coming years. What’s going on with the price of Bitcoin is pure mania. There is no telling where the price goes from here, but at some point, the mania will end, and we will begin to evaluate more rationally the effect this new technology will have on us.