Bitcoin is doomed or at least it should be. The flood of ASIC Ethereum mining hardware will increase crypto supply and hurt demand. AMD and Nvidia hardware (but really AMD because Nvidia GPUs aren't used for mining yet) pricing will dive but that's a good thing. At least for AMD.User supaflix questions the bearishness in Crypto:Most people that take the time to understand the significance of bitcoin don't think they are burning their money. They believe they are buying the future at a massive discount. They also believe bitcoin is an asymmetric investment in that the upside is unlimited but the downside is limited. Have you thought to consider what would be the value of 1 bitcoin if the experiment succeeds? Or are you a person that believes that you know with 100% certainty what will and will not have value in the future? Have you thought to consider why many big name investors are entering the market? Potentially they see something that most are missing? Wonder why Jamie Dimon calls bitcoin a fraud and then JPM/Goldman Sachs are opening crypto trading desks? Or Soros calls it a bubble and then announces he will invest in it? Mark Cuban calling bitcoin a bubble and then making his own ICO? Or the Rockefeller fund? Bill Miller? Mike Novogratz? Pantera capital? Tim Draper and his 250K bitcoin target in 5 years? People that don't understand it are quick to dismiss it as magic internet money. Well, time will tell who is right.... $GBTC, GRAYSCALE BITCOIN TRUST / H1 GBTC closed at the top-end of its trading range last week at $14.86.