In case you hadn’t noticed, Bitcoin has made a major comeback. After falling below $4,000 for much of 2018, the price reached almost $14,000 earlier this week. It’s still volatile, and fell sharply later in the week, but some Bitcoin optimists believe it will soon approach its late-2017 high of $20,000.
The obvious question is this: If Bitcoin was just a bubble to begin with, why has it been bouncing back in this manner? The answer is that cryptocurrencies, in some form or another, are probably here to stay.