Shower thought. If there was a person who would start a debate and tell me that Bitcoin's price today is "too high", I would argue back that, although Bitcoin's price might be "too high", it might also be mispriced towards the lower extreme of the cycle. The market hasn't truly priced in the Halving, AND the true nature of the Bitcoin spot ETF.
But we can see the proof of that in a simple chart. Research Gold ETF - when it started, then look at the Gold chart after it started.
When Bitcoin was created some people didn't believe Bitcoin would grow this big in price so yes Bitcoin price is high but not too high,
Surely part of the challenge for anyone, and maybe even moreso for a bitcoin newbie, is trying to figure out the extent to which BTC prices might be high or not. In several senses, bitcoin prices seem high to newbies not only in terms of the price of one bitcoin (the unit value if not looking at satoshis), but also describing bitcoin in terms of how much it has appreciated does not necessarily inspire confidence that it is going to continue to appreciate - especially for someone who is just looking at bitcoin at a superficial level and also someone who is not very well informed about bitcoin might be buying into some of the negative bitcoin talking points, so if they don't know much about bitcoin and they might be getting confronted with conflicting narratives about bitcoin, then they have difficulties evaluating it.
We should be buying bitcoin now.
Navigating the world of bitcoin can be overwhelming especially for newcomers. The steep price tag is intimidating enough but when you factor in its rapid appreciation it's natural to wonder if bitcoin's value is truly sustainable. Will it continue to rise or is it a bubble waiting to burst The conflicting narratives don't help - on one hand, bitcoin's hailed as a revolutionary investment, whil on the other, it's dismissed as a high-risk gamble. For those without a deep understanding of the space, it's tough to separate fact from fictio and the constant noise can be paralyzing. How do you make sense of it all and decide whether bitcoin's worth the investment?