Watching cnbc with the bitcoin opening. Ceo of bitgo was on making hype bitcoin is going to revolutionize the world and that bit coin will be around forever, of course this is the ceo of bitgo probably with a giant vested interest in bitcoin itself.
Also, he was asked how they came to the number of 8 billion transactions and what kind of transactions made so far and he said something along the lines that some of the figures are predictive and what they think they've done, and danced around the what kind of transaction are they recording question.
Anyone on the show today who has vested interests in bitcoin hyped the hell out of it and any analysts who didn't appear to have vested interests in bitcoin all talked about a massive bubble about to burst. Even the ceo of bitgo made a comment he didn't think this bubble would last but he was confident he'd still be around when it settles down. I'n not sure if they asked him directly about a bubble or he brought it up on his own, either way it's telling. Also, seems a more percentage of sentiment is about how to short bitcoin.
I could of sworn that just a few weeks ago the press from the commodities groups starting bitcoin said they would be looking at very early 2018 to open, of course just a few weeks ago the price was less than half of today. Think they rushed the open because of the price?
