2010 bubble (5x):
2010/2011 bubble (30x):
2013 bubble (8x):
2013/2014 bubble (10x):
What next?
Predictions:
- There will be another bubble. The all time high will be between 5x and 30x of the current stable price (that is, between $2000 USD and $12000 USD).
- There is currently a concentration of hashing power - centralisation of miners - in China. The government of that country will act out of fear of capital flight to take control of those miners. The result will be a significant proportion of the Bitcoin network's hashing power in the hands of that government with the obvious power over the Bitcoin protocol that brings.
Will Bitcoin will survive this?
Nobody knows the future.
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