I've been criticized for constantly saying bitcoin and other cryptos are on a bubble, but just take a look at these numbers. On the left is the market price of a stock meant to track the value of bitcoin. On the right is the intrinsic value of each share (nav or net asset value). As you can see, even when intrinsic value is mapped, people are still buying bitcoin on a premium. What sort of person would think it useful to buy something for double its value. Leave any questions you have about this in the comments. I'm a fan of constructive criticism, but please, leave speculative trash out of the comments.