Reply to post: If it's a bubble, someone blowing really hard

Bitcoin price soars amid technical troubles for exchanges

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If it's a bubble, someone blowing really hard

It's easy to say it's a bubble when you don't know anything but the predictions earlier this year of it hitting $20k by next year are starting to look prescient. The thing is, if it were a bubble then you'd see the price going up without any serious support behind it ... but look at the hash rate on some of the larger mining pools - it's going through the roof. The hash rate is based on people investing in the hardware that supports bitcoin ...

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