Bitcoin's and Gold's Past Bubbles
Bitcoin has had two major bubbles so far. In the spring of 2011 it
went from $1 to $30 in a matter of months. By the end of the
year it was worth only $2. It was not until the spring of 2013 that
the price surpassed the height of the bubble. At the end of 2013
the price peaked at $1200, At the moment of writing, the spring
of 2014, the price is down at $450.
Gold can also show some pretty volatile past years. In 2001 an
ounce of gold was traded for less than $300. For the next decade
it increased in value every year until it peaked at more than
$1900 in 2011. Today gold is traded at $1300 per ounce.
