Because it seems like an obvious bubble, with little / no real value?
Bitcoin was / is a pretty cool technological innovation. But the main use-case seems to be buying illegal things or laundering money, and vast majority of transactions are just speculators.
Also, the fact that it is difficult to short is further evidence of a bubble.
Bitcoin was / is a pretty cool technological innovation. But the main use-case seems to be buying illegal things or laundering money, and vast majority of transactions are just speculators.
Also, the fact that it is difficult to short is further evidence of a bubble.