Implode-o-Meter News - Bitcoin Skyrockets And Is Now Up More Than 100% This Jubilee Year

In [the past year], it has been pronounced dead at least once and is now at a 20-month high. We gave these three main reasons in the last year for why we thought it would go much higher. Still to this day most other financial analysts either ignore bitcoin or, even stupider, deride it as being some sort of scam or ponzi scheme.
The dollar and government "services" like Social Security are scams and ponzi schemes... but bitcoin clearly is not. Â It is open source and so anyone who cares to look can see there is nothing nefarious about it. Â Therefore, anyone who says it is a scam or ponzi scheme is just showing willful ignorance as they could very easily look at it themselves and see it is not.

Bitcoin was just declared "dead" again last week when Coinbase announced Ethereum support. Big whoop. We're not slamming Etherum (it is by all accounts great tech with wonderful potential) -- but that news was good for about a $20 "collapse"... on the 28th alone, bitcoin surged about $50. It is far from down for the count and may still be in the early innings.

Relevant:

Bitcoin Skyrockets And Is Now Up More Than 100% This Jubilee Year