Bitcoin @11,000 and Still Going Strong!

Less than a handful of hours since Bitcoin hit the landmark 10k mark, it's just steamrolled its way across to 11,000 also, throwing a mudpie into the face of every Bitcoin connoisseur, who almost certainly expected AT LEAST a slowdown, if not a correction!

Bitcoin, on the other hand was in no mind to listen to technical analysts, market experts, cynics or even its own believers and kept going on like a juggernaut that crushes everything on the way and just doesn't stop.

With Bitcoin now crossing the 11k mark too in a matter of hours, it has taken its overall market cap to over $185 Billion

To put that number into perspective - If Bitcoin were a publicly listed company, would have made it the 32nd largest company in the world (if you take the 2017 list of largest companies) - ahead of even companies such as Coca-Cola ($182 B), Walt Disney ($179 B) and even Toyota Corporation ($177B)!

While watching the CNN IBN TV 18 Financial news channel today morning, the topic of Bitcoin at 10,00 had come up and an anchor was telling her co-host "But don't you think Bitcoin is a bubble?"

To which the rather wise host responded : "I'm not sure of that but, I know people have been calling Bitcoin a bubble from the time it was $50"

Bitcoin's been called a bubble by countless wall street bankers, investors and financial analysts simply because the numbers associated with the growth of Bitcoin as so astronomical that's it's mind boggling to even consider how on earth a financial asset (if you can even call it that) can grow this much in such as short time.

Check out the growth curve of BItcoin for the past year:

In the past one year, ie. from Nov 29th 2016 to Nov 29th 2017, Bitcoin has grown from $732 to $11,135 (at the time I'm writing this) -

Bitcoin's growth over a year, in other words, is a STAGGERING 1519 %

With more FOMO (fear of missing out) going to kick in at some point, more people will start buying while analysts keep calling it a bubble.

While bitcoin continues to break record highs leaving everybody scratching their heads, there's only one question in my mind, when Will This juggernaut stop or atleast pause temporarily?

And like everybody else, I too have no answer to that... We just have to wait and watch.