Told a friend that was very much into bitcoin to sell everything two days ago. But my logic is the following : if an asset is overvalued because of hype, then t

Told a friend that was very much into bitcoin to sell everything two days ago. But my logic is the following : if an asset is overvalued because of hype, then the moment everybody knows about the existence of the asset is when the value reaches its peak. With the recent news about bitcoin reaching 20k and everybody in the general public wondering about investing, i thought we reached that moment.