It's the greater fool theory.
I lauched at friends of my fatherinlaw back in 2018 when they were buying bitcoin at 15k. Obviously it popped.
Today it's down 50% on ATH, but it's still more than double it's 2018 bubble level.
I lauched at friends of my fatherinlaw back in 2018 when they were buying bitcoin at 15k. Obviously it popped.
Today it's down 50% on ATH, but it's still more than double it's 2018 bubble level.
If you meant “in the future it may be again more than double its 2018 bubble level” you could have phrased it more clearly.
The 2018 peak was above 19k, by the way.
Today it will buy you €96, ¥13000, CHF100, £82
Not a great deal of movement
Is BTC any more greater fool than USD? If so, why do you believe so?
Source: savings accounts.