Bitcoin – Even if it reaches $1 million, it is still a speculative asset

All speculative assets must go through bubbles and bubble bursts

No matter how high BTC rises, according to the laws of human behavior and crowd psychology, bubbles will always occur:

• When the price far exceeds the actual/perceived reasonable value, FOMO rises → a bubble forms.

• When expectations are shattered or cannot be maintained → the bubble bursts.