Bitcoin: A Market Lesson, from Jeff Watson
To put the size of the bitcoin market in perspective, the total value of the bitcoin market is about the same as the US 2012 commercial tobacco market which was $1.55 billion dollars.
Funny thing about markets and human behavior. When bitcoins were 10 cents each (not that long ago), nobody, not even professionals wanted them. Now, at $160, everybody wants them. There is an obvious market lesson in that.