Supporters believe that investors believe that Bitcoin is an effective tool for hedging inflation in the context of global central bank releases.
"Supporters" believe that bitcoin is the only decentralized deflationary currency that has ever been created and are choosing it to exit their corrupt centralized fiat systems and reach financial sovereignty.
The rest who are too worried about the price are those who don't even know what bitcoin is, these are the same people who you see flee when there is a small drop.
Opponents believe that investors are chasing Bitcoin too fiercely, and a speculative bubble may have formed.
Since price has been close to and a little under the intrinsic value of bitcoin (before the drop) that means there was no bubble at all.
There is however a "reverse bubble" now since we are about 50%
below the intrinsic value.
Do you think Bitcoin crash is an opportunity to enter the market?
Obviously!