This is not investment advice. Trading carries a high level of risk, and may not be suitable for all investors. You should never invest money that you cannot afford to lose.
From the beginning, many called Bitcoin a bubble, a fraud, a Ponzi scheme, and so on. Fortunately Bitcoin and cryptocurrencies are still here and are here to stay.
Its inherent volatility makes it on of the most lucrative financial markets. On the other hand repeated boom and bust cycles in crypto provide commodity traders with the opportunity to make money without relying on a market that seems to be inflated “ad infinitum”, like the US stock market.
In the end if Bitcoin is sustainable, then it means it is not a Ponzi scheme (because Ponzi schemes are not sustainable).
Disclaimer: At the time of writing I am short Ethereum. I plan to close the position if the price will keep climbing.
