Take a look at the last bubbles. I know the early 2013 was caused by Cyprus banking crisis. Speculation the one after that was actually the government shutdown worry at first. China speculation took the reigns after that.
What I am saying is that a rally based upon nothing but sentiment can't get us far. We would need more fuel in the fire to send us up really high, say 1500. It is possible to move purely on sentiment. However, without some sort of financial crash or rumor how far will people go? We will be recycling the same set of investors as before. There will be a point where many feel like they want to cash out at, suppose, 800 because the lack of any rumors.
We need something that will get a LOT into Bitcoin in a short period of time.
Buy the rumors, sell the news.
And Circle is targeting the mainstream user. Every user who will sign up will get 10 US Dollar for free in Bitcoin. Here is a video interview with the founder of Circle:
- Circle: Bitcoin's Mainstream Moment