There’s certainly a lot of bullishness about bitcoin and cryptocurrency, and that’s the case with bubbles in general. The psychology of bubbles fuels it. You just become more convinced that it’s going to work. And the higher the price goes, the more convinced you become that you’re right. But it’s not going up because it’s going to work. It’s going up because of speculation….
BITCOIN BEAR PETER SCHIFF DOUBLES DOWN: EVEN AT $4,000 IT'S STILL A BUBBLE
Stock Broker / Economist
Source: Coindesk