Now think of bitcoin. A decentralized open-source internet based currency that people can transfer person to person. It IS cash for the internet, both anonymous and he who holds it owns it; untracked and tied to your name unless you choose to use the services that require such information. Like anything else so large and pervasive, most transactions will be fully legal and regulated, but there will be those that aren’t. Government needs to allow bitcoin to grow because they want as much taxes as possible. They want the legal cryptocurrency realm to exist so that the people do not revert to their natural freedom seeking tendency and tax avoidance. It is incredibly complex however, and those with the expertise to understand enough about it to even begin to control it are going in the for-profit sector, not government.

Reason #3: We’re 40% down from 1 year ago, 72% down from the peak.

Let’s review reasons 1 & 2: It’s here to stay and government is not shutting it down. Combine that with the fact that it is 40% down from a year ago and 72% under it’s high and we’re showing signs of the bull market resurgence. Bitcoin has continually held the floor and key psychological level of $5,000 for two weeks.

CoinDesk’s Omkar Godbole said on April 19th: “Bitcoin could challenge the recent high above $5,450 if sellers again fail to keep prices below $5,200.” And here we sit on April 20th at over $5,300.

Reason #4: We’re still up over 300% from 2 Years ago.

Can you believe it? There are only more and more uses for digital currency. There are only more and more users. With a hard-coded limited supply, the price (and market value thus) must go up. It MUST! Needless to say, bitcoin is the indicator of entire cryptocurrency market which is currently valued at $180 Billion.

When bitcoin crashes, it crashes, when it explodes it’s a rocket ship launching off like no other: