The virtual currency has never been so popular.
The currency has now been around for over a year and is valued at $1,700 per coin.
It has now hit a record $1.7 trillion.
This has prompted many to speculate that the value of Bitcoin is overvalued, and that it is likely to fall to $1 in 2018.
But that could just be the inevitable result of the exponential growth of the crypto-currency over the past few years.
Bitcoin’s value is driven by two factors.
First, its growth in popularity has been exponential.
It is currently trading for $1 per coin, a figure that is now a lot more than $1 billion.
Second, Bitcoin has grown in popularity and value, both of which are directly correlated to its ability to facilitate payment.
In other words, Bitcoin is not a bubble that will burst anytime soon.
But as its value grows exponentially, so does the risk that its value will be undervalued.
A bubble is a term used to describe a situation in which prices in a sector have become so large that there is a significant chance that the entire market will crash.
The most famous example of a bubble is the dotcom bubble, which peaked in mid-2000.
There was a lot of excitement surrounding the future of the dot-com market, but the price of the tech was just a fraction of what it was at the time.
Since then, there has been much debate about whether it was a bubble or not, but as a whole, the price is still very much in the red, which is why Bitcoin is one of the most volatile coins around.
What is the Bitcoin bubble?
The most well-known bubble in recent memory was the dot com bubble, a phenomenon where the value in the dot site’s dotcom stock crashed.
The price of this stock was $2,700 at the peak, but it crashed by nearly $3,000 in a matter of days, and has since recovered.
The same thing happened in 2014, when the price dropped by nearly 2,000%.
The reason for the collapse was the collapse of the Chinese economy, and as a result, the country’s yuan plummeted by almost 2%, or $4,000.
In the case of Bitcoin, there is also the possibility that the price could fall significantly in 2018 as the Bitcoin network is still experiencing issues.
But the current value of the currency has not yet been affected by these issues.
What is the value?
The average Bitcoin transaction is around $10.
So if you were to buy an average $10 worth of Bitcoin this year, you would be getting around $3 in value.
But how does this compare to other cryptocurrencies?
In 2018, Bitcoin will be valued at around $1 million, while Ethereum is valued around $7 million.
But it is not clear if Bitcoin will reach its current valuation by 2018 or 2020.
How do Bitcoin’s future prospects compare to those of other currencies?
The value of a cryptocurrency has fluctuated throughout the past year, and in 2018, it has been trading at an average of $3.55 per coin (around $300).
But as more and more coins are being created, there will likely be more coins created, and the price will likely rise.
And if there is an initial coin offering (ICO), then the value will rise even higher, at around a $6,000 average price.
And then, once again, the bubble will burst, with the price falling by over a million dollars.
But if Bitcoin does not get out of its current bubble by 2020, it will probably crash back to $2 in 2020.
What do you think?
Is Bitcoin overvalued?
Do you think it will get out from under its bubble by 2018?
Or will it remain as a bubble for the foreseeable future?
Let us know your thoughts in the comments section below.