Ouch... Though I don't prefer to be the bringer of negativity, bitcoin is among the highest of the high-risk investment category. If there's a market sell-off, BTC, now inexorably tied with Wall Street, will be one of the first assets to suffer a major sell-off, as big-time investors (however ironically) plow their money into cash.
- stocks go down
- dollar becomes stronger
- Fed prints dollars
- stocks go up
- a bubble pops
- stocks go down
- dollar becomes strong
- Fed prints dollars
- stocks go up
- etc.
Apparently they can just keep doing this forever, and the cycle will continue forever... I'm not wrong until proven otherwise. The dollar is the worst form of currency except for all of the others, BTC included.
The case for BTC being some sort of alternative store of value to the dollar just isn't there yet, IMHO. Speculators have to get out first, which as we all know, isn't happening any time soon.