Bitcoin has made it to new record highs, helped recently by the advent of ETFs that invest directly into it.
While blockchain technology has promise, the use case for Bitcoin is hard to determine making it impossible to value.
Bitcoin could have lots more upside if it displaces gold as an independent of government “asset”, but this depends on having faith new buyers will come & pay ever higher prices.
The key for investors is to recognise that: it’s highly volatile; very speculative; a poor diversifier; & there’s no free lunch.