When the price goes up, critics say

> “it’s only a bubble”

And when it inevitably goes down

> “it’s returning to its inherent value (zero)”

Of course, Bitcoin always proves them wrong.

Instead, each cycle, Bitcoin prints higher highs and never goes to zero.

Despite that, the same old prediction inevitably always comes back.

- an excerpt from the 2-minute version of Bitcoin Hypermonetization: Bubble Talk (2013) originally posted here https://www.2minutebitcoin.org/blog/bitcoin-hypermonetization-bubble-talk-2013