Photo by Andr\u00e9 Fran\u00e7ois McKenzie on UnsplashYep, $50,000. That\u2019s the price Bitcoin reached tonight. It\u2019s fantastic, crazy \u2014 and raises questions: Why? Why? And are we only at the beginning of this bubble \u2014 or already at its end?A picture is worth a thousand words, and a number is often worth a hundred pictures. So I\u2019ll put the number of the day here once again:That\u2019s how much a Bitcoin is worth by now. So about a year\u2019s salary of a moderately paid editor or a Tesla Model 3. Crazy. We honestly didn\u2019t expect that here. At least not seriously, and not this fast.More surreal than what\u2019s on the exchanges is what\u2019s not: you still can\u2019t buy and hold Bitcoin at your bank. You still can\u2019t pay with Bitcoin at Aldi or Amazon. There is still no Bitcoin ETF, and it is still the exception for insurance companies, pension funds, and asset managers to put money into Bitcoin. In my environment, no more people own Bitcoins than they did two years ago. At the same time, Germans are saving more than ever; last year, they set aside 393 billion euros, bringing the country\u2019s savings to 7.1 trillion euros.General interest has increased significantly \u2014 but is still rather marginal. So who or what is driving the price up? What is causing this eerie, surreal, seemingly unshakable rise?One possible explanation would be a FOMO effect among tech companies. FOMO means \u201cFear of Missing out,\u201d which could be translated as gate-crashing panic. At the latest, since Tesla put a lot of money into Bitcoin, it may have become a trend among U.S. tech companies to at least think about putting some of their ample cash reserves into Bitcoin. And those who are late will be the least likely to have Bitcoins. Therefore, half of\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Photo by Andr\u00e9 Fran\u00e7ois McKenzie on UnsplashYep, $50,000. That\u2019s the price Bitcoin reached tonight. It\u2019s fantastic, crazy \u2014 and raises questions: Why? Why? And are we [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/3673"}],"collection":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/comments?post=3673"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/3673\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/media?parent=3673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/categories?post=3673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/tags?post=3673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}