Bitcoin and maybe other cryptos are in bubble territory. So far, they have minimal transactional use and only function as stores of value. The recent popularity of BTC is due to noise traders jumping on the bandwagon of a rising currency. It may have something to do with low returns to other investments, as evidenced by low interest rates, especially in the U.S. If I had any powers of prophecy, I'd predict the peak and try to find a way to short BTC.
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