Will Bitcoin exceed its all-time-high of almost $1300 in the near future? - page 4.

Just wondering what everyone thinks.

We should keep in mind that the last all time high happened due to the Mt.Gox scenario (Google that if you weren't around at that time) whereas this current activity is, as far as we can tell unrelated to any foul play and is actually legitimate due to the current situations happening around the world.

Personally I believe the main contributors to this this high are India (the uncertainty in fiat created from the govt abolishing all 500 and 1000 rupee notes in November) and China (you are only allowed to send $50,000 per year out of the country, now it's the new year a good amount of them are putting that into bitcoin via legal methods). If you look at volume/price graphs, it seems to correlate.

It's likely that this pump has brought in a lot of new adopters, so I think it's pretty unlikely we'll ever see the $600 range anytime soon if ever again. Personally I think the $800-1000 range is stable, but am expecting more craziness to happen before then (at least I hope).

What do you guys think?

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