First it was tulips. More recently it was tech stocks and then the housing market. Lately, its all about bitcoin.
All four share a common denominator: They suffered through financial bubbles, or bubble-like conditions. The first three ended badly. The jury is still out on whats in store for bitcoin.
If you look at tech stocks, Apple and Amazon rule the world today. The housing market crashed in 2008, but it has recovered. The price of houses are probably higher today than in 2008. So even if so called pundits agree it is a bubble, holding for the long haul may pay off.