Bitcoin Steps Up to $17,000

Another day, or few hours at least, another 1k gain in the price of Bitcoin. The king of cryptocurrencies just stepped things up to $17,000.

Some are comparing Bitcoin's rapid rise in 2017 to the dot-com bubble which burst in 2001. Others are saying it's a paradigm shift in technology, money and finance that is only just beginning and is set to revolutionize the world as we know it.

My take, is that even if Bitcoin suffers a major crash, followed by an extended period at a low price, it will eventually recover to a much higher level than it is today. Bitcoin is here to stay. Just as the dot-com crash did not stop the growth and influence of the internet long term, a mega Bitcoin price crash will not prevent it from becoming a societal game changer.
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