As at 16th December, 2017 a unit of bitcoin was worth an equivalent of $16,600.00 ( source Bloomberg 2018).
Some days later, Bitcoin’s price peaked to $19,511, before it began an epic slippery slope movement that would see the original crypto currency lose approximately 82 percent of it is value. As i write the value of bitcoin is averaging $4,000.
Various analysts have argued that the initial drastic rise in its price are due to several factors ranging from irrational optimism; aggregate market irrationality; cynical speculation, poorly informed investors among others.
In all honesty don't you think investing in stocks now makes better business sense than investing in bitcoin?
At the moment, stocks are also not very good for investment. The stock market started falling a couple of months ago. The reason is the drop in shares of FAANG. Now is not the time to invest in stocks.