Bitcoin is a mania that sooner or later will come to an end, the way every mania ends: falling demand in the face of rising supply. That’s according to some estimates which set the fundamental value of Bitcoin at $1,142. But the Bitcoin crowd expects demand to soar, as the digital currency gains a growing acceptance as a medium of transactions, and a speculative “asset.”So what could cool demand for the digital currency? One of them is a Lehman or Enron-style fraud event, not necessarily in the Bitcoin market, but in some other cryptocurrency market, which brings to mind the wild west mentality of mid-19th century capitalism. Coin % 7d Bitcoin (BTC) 19.65 Ethereum (ETH) -1.89 Litecoin (LTC) 13.09**As of Monday December 4, 2017, at 7.30 pmSource: Coinranking.com

Source: Forbes December 05, 2017 01:07 UTC