This time last year the price of Bitcoin was about $650 and now it's $2793. When you consider the declining value of the US dollar due to hyperinflation it's clear to see that it's not so much that the value of Bitcoin has gone up but that it's costing more US Dollars to buy the same amount of Bitcoin.
It appears that Bitcoin is exposing the flaws of the US Dollar and fiat currency systems. This is most likely how trading bots are earning 1-2% per day. It's becoming more apparent that we all have a value proposition that could be verifiable through proof work, stake, or both. Blockchain technology could be the tool that will allow communities to self govern and bring balance to the scales of value in the free market.
It's a BOOM like no other!
What do think the future holds for fiat currency, Bitcoin, and the US Dollar? Leave a comment below.