Exponential curves are to be expected for any value whose growth rate is positively correlated with its value - essentially, when you have positive feedback loops where the more you have of x, the faster x grows, which causes you to have more of x, and so on.
In this case, Bitcoin price growth made it more popular, which caused more people to start investing in Bitcoin, which further increased its price. The exponential shape of Bitcoin's price curve is entirely normal.
The real question is, does Bitcoin's current price match its "true" value? I personally believe the answer is "no", but that's like, my opinion, man.
In this case, Bitcoin price growth made it more popular, which caused more people to start investing in Bitcoin, which further increased its price. The exponential shape of Bitcoin's price curve is entirely normal.
The real question is, does Bitcoin's current price match its "true" value? I personally believe the answer is "no", but that's like, my opinion, man.