The Bitcoin Value Bubble 2021
The Bitcoin value bubble continues to make headlines; I tend to watch the speculation from the sidelines knowing that there are three things that noticeably drive investments; fear, anticipation, and the herd mentality. Bitcoin–as an investment–is incredibly risky in the traditional sense because there is no regulation, no central control, and the market is rife with volatility.
Yet, Bitcoin persists. A January 12, 2021 Business Insider (BI) article reminds that this cryptocurrency has managed to weather not one, not two, but THREE of what BI refers to as a “peak-to-trough drawdown” of more than “80% in less than 10 years”.