Bitcoin Bubble?

2016-06-03 16.16.42It’s been a while since any of my investments had a curve that looked like this.  What is behind the current surge in Bitcoin seems a bit of a mystery.  Some say the Chinese have gone mad for Bitcoins, frustrated by the low returns they are getting on cash.  I could well believe it – certainly the last time I visited a casino the Chinese were heavily over-represented amongst the clientele and Bitcoin is certainly a gamble.  Others say that immanent halving in the rewards for Bitcoin miners will cause supply to dry up.

Whatever the reason, a poll of my friends (none of them averse to gambling and all pretty tech savvy) revealed that I am the only Bitcoin owner amongst us.  So can we really call this a bubble yet?