I just had to un-ignore the Speculation section seeing as how bitcoin is going through the roof and I'm interested in hearing what people have to say about it.
There is a saying that whatever goes up most come down.
A lot of people would argue that it's not just a saying but a law of both physics and finance--and I don't think I'd be able to argue against that successfully. Bitcoin has shot up really far, really fast, and usually that means it's going to experience some kind of correction sooner or later.
The thing that appears to be different between 2021 and 2017 is that the price is seemingly being buoyed by institutional investors with very deep pockets and not thousands of speculators who would tend to sell once they've made a decent profit. I think companies like MicroStrategy and Grascale are in bitcoin for the long term and thus shouldn't be dumping large amounts of it onto the market and thereby initiating a correction or crash.
We'll see though. Most of my predictions about bitcoin have been wrong, so I'm not even going to try to make one here. I'm just keeping my fingers crossed that the market can sustain it at around $34k or so for a while.