Okay.
Today, in less than 24 hours, the Bitcoin price went up over $1,000 to $10,900.
I keep equating the frenzy to the Tulip collapse in the 1600's, but now I am wondering where is the intrinsic value?
Bloomberg Magazine had an article that "preppers" are switching from holding gold to holding bitcoins.
They're saying that the internet will be the first thing re-established after any apocalypse and bitcoins are more secure than gold.
Aside from international transfers without government interference, what is happening?