Will "The Correction" Ever Come? BTC Price Up 92% Over Past Month

Bitcoin continues to break records, peaking over $2400 early Wednesday, with current prices sitting just below (10:12am EDT). The price of Bitcoin closed at $1248.21 on April 24th, meaning in the past month, the price has increased by 92%, or almost double. With such a rapid increase, many investors believe a price correction is inevitable. However, it is hard to indicate when it will happen and what the severity of the correction may be. With BTC trading over $2800 in some Asian markets, some are starting to believe the "correction" may never happen and 3k could be the new base price. However, the rate of inflation must, at some point, decrease. If this same rate of increase were to continue, the price of BTC surpasses $1 million by next April. The question is, how much longer can bitcoin continue to rise at such a rapid rate, and is this new price here to stay?