Bitcoin above 9,000 is irrational

This is one of the classic bull which gone irrational. I still remember the second board those days when a stocks worth RM 1 shoot up to RM 100. There will be still reason to move up further.

Fundamental is dead these days as a lose making digital disrupt company can worth billions of dollars. Bitcoin is suppose to be a currency that avoid world financial policies influence and stay fair play. But today is highly speculative. If the of major countries to allow this to happened. It will have a long term effect to all economies.

If you think a PE of 40 times of some Nasdaq is ridiculous. You will rethink when bitcoins up from 450 a year to two ago until above 9,000.

Fundamental is dead and digital economy is wrongly valued due to no governance. It becomes a biggest loop hole of speculation that may involved illegal activities.

I may be wrong because there may be a major crash ahead that I don’t foresee. That’s why all money are moving into digital currencies.

We may initiate a short time to time. But the current irrational bullish can go further as no one perhaps can understand it.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Create a free website or blog at

Up ↑

%d bloggers like this: