Bitcoin price has stratospherically risen leaving minor players with massive gains and bigger players millionaires. Is this a bubble? Are the gains real?
yes this is a fortune because of the high market demand that makes bitcoin rise so fast and also the level of enthusiasts bitcoin very much to make bitcoin prices skyrocketed to the moon.
Although it really does a big pump compare from the past years, I still think that somewhere around 15 ~ 25% of its pump is bubble, not to mention it suddenly dump from the recent charts. I mean yes, we could compare that to a skyrocket, we know that a skyrocket is a massive object that'll lift to sky, but then not all of it is going to stay intact, it needs to disengage some of its parts in order for the remaining parts to move. So what I'm saying is that the big pump of Bitcoin is not really all of that numbers, see from around 19K its now 14K ~ 16K.
I'm not saying that it is all bubble, just some of it.