Bubble can be overused and become meaningless, but it can be a useful concept to consider when deciding if this is where you want to put your money. In my opini

Bubble can be overused and become meaningless, but it can be a useful concept to consider when deciding if this is where you want to put your money. In my opinion, irrationally motivated valuation is key here. People buying Bitcoin as the future are taking a leap of faith that only comes true if enough people take that leap and do not abandon it. There is no underlying asset or intrinsic value, there is no government force backing it up. There is nothing people can point out to express why this particular cryptocurrency has value. This isn't an argument against the underlying technology, just the valuation of Bitcoin.