$4,000 didn't take long to breach. There was a bit of a feature on Saturday's BBC Money Box on Bit Coin and the guest still sees it hitting $500,000 in the next few years
Good luck with that!Money Box along with a lot of media heavily covered Bit Coin in the lead up to the pop, I would suspect a lot of older, 50's+ were buying in, this was the impression I got from listening to shows such as Money Box this time last year as it was being talked about as an 'investment'. I know a few people at my gym started to talk to me about how they were 'investing' in it this time last year and how they were going to make a killing, I suggested at the time they didn't and any money they were putting in they could afford to lose. I know one guy who actually gave up his well paid job to trade bitcoin. He doesn't come to the gym anymore
This was a good tweet I saw last week:
Morgan Housel
@morganhousel
Thanksgiving 2016: tell everyone about tech stocks.
2017: tell everyone about crypto.
2018: tell everyone about tax loss harvesting.
