I don't buy any of the libertarian, anti-government BS about how paper money is evil or inferior. But when I hear about Bitcoin's price movements, coupled with the fact that only 300,000 bitcoin wallets have $5000 or more, I see a bubble forming.
And there's a quote by George Soros, "when I see a bubble forming, I rush in to buy"
People say that Bitcoin's a bubble, it's too late to get in, you've missed the boat - but 300k holders is tiny compared to how many people could potentially be bitcoin buyers. From that perspective it's either a very tiny bubble, or one that's just getting started.
Of course, bitcoin being mostly fluff ( at least currently - this could change if bitcoin becomes widely accepted), sentiment could head south rapidly, producing a crash that it never recovers from, wiping out all your money. But I guess that's the risk you take for the potential to multiply your money several folds in a relatively short time frame.
