"We view crypto-investing as driven by the greater fool theory of investing or speculation, and we genuinely mean that in a bullish way for now," says Jason R. Escamilla, CEO of ImpactAdvisor, a wealth management firm in San Francisco
Simply put, there are dozens of investment products on the horizon, many of which will introduce entirely new segments of investors to buy bitcoin: adding liquidity by way of all the marketing into new distribution channels. With those forces in place, it's anyone's guess when and at what level this bubble will peak.
"As an investor, you have to ask yourself, if you are getting into bitcoin today: what's your edge over the person selling to you? Simply looking at a chart showing the price rise is not enough," for bitcoin or any other second-hand good that trades in a marketplace.