Everyone talks about Bitcoin these days. I was just looking at the chart of Bitcoin and it looks like a perfect parabola. Generally, a perfect parabola is formed at the peak or bottom of the bull/bear market.
This is not the first time Bitcoin is witnessing such parabolic rise. It had happened in 2014 -2015 when bitcoin moved up from sub 100 levels to 1127 and then fell to 200.
Also, from the perspective of behavioural finance, when everyone starts talking about an asset it is generally a bubble.
Although, I do not have any fundamental view on Bitcoin, from my understanding of asset prices, it seems that Bitcoin is going to get interesting in coming days and it may not be pretty for many investors.
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