Yes the price is going up or holding up. As long as it does people will rationalize.

When I was in 9th grade I went on a hiking trip with an incredibly smart and "rebel without a cause" type friend. As we drove uphill on a curvy road in a CJ5 V-6 Jeep in western North Carolina my friend and I got behind two slow moving 18 wheelers.

After a short time going slow my friend pulled over in the left land and gave the ole V-6 some serious gas. We passed both trucks after a while of uphill progress in the left lane. I was speechless; not my brilliant friend though. He said: "Left lane? It is just as flat as the right."

The only thing that will stop the rationalization of Bitcoin is a price wreck. Until then? The left lane is just as flat as the right.

Berkshire Hathaway FAQ

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