A point of clarification, too. In my original post that it might be the top performing asset class for 2024, I emphasized that I was not making a claim one way or the other about the “value” of Bitcoin. That is the beauty of it as well as the basis for my thought. “Value” is completely in the eye of the investor, or not. But that condition is what made Bitcoin the perfect candidate for a stampede. How high or how low is subjective. There are no metrics such as Price-To-Earnings ratios to anchor the collective belief about value.
One would normally expect a pullback in an asset class having made such dramatic moves in the short-term. That said, with the advent of spot ETFs for Bitcoin, this could continue to much higher levels. Or not. We’ll see.
I fully support non government money but I just don’t see how bitcoin has value. I’ll stick with gold.
Also, if it turns out to be easy to factor large numbers that are the product of two primes, that's going to severely impact the value of bitcoin. And it does seem like that might be right around the corner . . .