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Or maybe it was the decision by countries, such as Japan and Australia, to recognize bitcoin as legal tender. Or maybe it was a growing number of investors choosing bitcoin over gold to offset the weak dollar. Any and all of these issues helped boost demand and therefore, its value. Its the herd mentality that occurs when you have rising markets and the fear of missing out, said Charlie Hayter, chief executive of CryptoCompare, a research site that tracks the industry. You have people acting in a mania like fashion jumping on the bandwagon because it has gone up and hope its going to go up more. The really smart money got in a year ago, said Hayter. But, for now, its still largely the more adventurous in the financial world who are putting it into their portfolios, he said. Many experts believe Bitcoin is here to stay, and its run up will continue, although not without setbacks and volatility along the way. For example, many experts expect considerable volatility in August and September related to software upgrades to the Bitcoin technology aimed at increasing transaction capacity. Some bitcoin miners oppose the changes. And if developers and miners cant agree on the format, there could be a split that could result in two separate currencies, which could turn the bitcoin market upside down.

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One other point, SETI scientists poo poo the UFO extraterrestrial hypothesis ETH saying there's no PHYSICAL evidence. Eye witness testimony counts for absolutely nothing. Well of course there is PHYSICAL evidence for the UFO ETH of the exact same nature as that would satisfy a SETI scientist of E. T. after all SETI scientists look for a PHYSICAL signal which they can study at their leisure, not an actual E. T.

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