BITCOIN SKYROCKETS To All Time High! - What's Next?

 Josh Sigurdson breaks down the latest Bitcoin news as we see wild  fluctuations and a peak of $3329 USD a Bitcoin! It's settled below  $3200, but the price continues to coil. We will see wild fluctuations  for a long time to come, but one thing's for sure, Bitcoin isn't going  anywhere.
Following the fork on August 1st, Bitcoin Cash (BCH) topped over $700 USD and fell to about $200 USD.
While there will be scaling issues continuing into the future, we have further vindication.

We've  all seen the exhaustive media nonsense over the past 7 years claiming  we're "seeing an end of Bitcoin". Every time there's a correction (which  anyone who understand especially decentralized markets know,  corrections are a healthy natural sign, a breather if you will), the  media claims it's the end and that all hope is lost.
Unfortunately countless people eat it up and sell off out of fear, not understanding the actual infrastructure.
We  constantly hear the phrase "bubble" over and over again. Well if  there's a bubble, Bitcoin to the cryptobubble is like Amazon and Google  to the dotcom bubble.
Besides, it's incomparable. A decentralized  bubble based on demand is not the same as a centrally planned  derivatives bubble based in manipulation.
We love gold and silver  here as wealth insurance but the Bitcoin doubters have to understand  where gold's value comes from. Gold is scarce, so the scarcity and  demand keep the price prevalent. There will only ever be 21 million  Bitcoins, so not matter what, there will be scarcity as well as demand.  See the similarities?
Fiat has no scarcity or demand. It's  manipulated into oblivion devaluing by its very existence, creating debt  and inflation perpetually. It's centrally planned. Quite the opposite  of Bitcoin which is so often ignorantly called "fiat".
Bitcoin is  proving the loss of faith in fiat as people flood the cryptomarkets. The  fiat dollar will crash and gold, silver and cryptocurrencies will  prevail. It's just a matter of proper diversification.
People like  John McAfee see Bitcoin hitting $500,000 in 3 years. The 7 year daily  average rate of growth shows Bitcoin hitting $250,000 by 2020. Even Wall  Street insiders are claiming 55,000 by 2022 which is likely way  undervalued.
We know one thing for sure though, we are witnessing a monetary revolution!

Altcoins  did okay over the past few days as well, especially Ethereum. Dash and  EOS are being given a chance to rally hard as well which is something  worth looking forward to.  

source: World Alternative Media