Why I Think Bitcoin Value is Too High
Bitcoin has skyrocketed in value over the past couple months and with that it has gotten so attention that has been good or bad. With this higher price we haven't seen transactions fees go down which make it expensive to use bitcoins. Heres a lists of pros and cons of high value bitcoin.
Pros:
Early adopters get a nice profit
Shows its a somewhat stable from of currency
New interests
Cons:
Raising concern to goverments
High transaction fees mean less activity
I my opinion this is a good thing for cyrpto-currencies but in the long run I believe Bitcoin wont hold the title for the standard coin.
A lot of people are stepping over to Bitcoin Cash. It also reached a new ATH today.
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