But 10 times more expensive the 1oz of gold! Blaaahaaa...
There have been more than a few comparisons between Bitcoin and gold, along with many lines of thought, but regarding the current rush, renowned trader Mark Fisher sees this like the silver run of 40 years ago.
Silver spiked in demand through the 70s and 80s as it became an asset that the regular man on the street could be involved in. There was no Wall Street elitism and its price was reasonable, it was an exciting time for common investors.
This is what Fisher sees at the moment with Bitcoin. The red tape and the egalitarianism of high-level investing is absent, and it is spurring a new wave of adoption with individuals.