If You Simply Think We Are In A Bubble, You Have Missed The Whole Point

There’s more to it than meets the eye, and it seems to have gone over people’s heads.Photo by Wayan Aditya on UnsplashCrypto has taken off since the March lows of last year, and it is to no surprise that there have been constant yells that people should get out and that assets like Bitcoin are in a bubble and everybody will get hurt by holding it. The people that have been yelling that it will crash for the past 8 months will stroke their egos and feel proud if it eventually does. A broken clock is still correct twice a day, and this would be a prime example of that.Instead of understanding the cyclical nature of the assets and why the Bitcoin price is soaring, people have decided to close their minds and just yell that it’s a scam and a bubble without understanding what is actually going on here. Not only bears, but even a lot of new investors that simply pour their money in seems to have missed what is actually happening.This is not a bubble, it’s a movementYou might think that because the prices are soaring, it means that we are simply in a bubble, and people will end up crying. I am not saying that it’s not the case, but there is much more to it. When Bitcoin increased as it did in 2017, it was more related to the bubble, and then we had the ICO bubble to go along with that as well. However, today it is a movement, and the increasing popularity of De-Fi is a testament to it.Bitcoin and crypto, in general, have become an accepted asset class. More and more people will move from traditional finance to decentralized finance as time goes on. You even have institutions like J.P. Morgan creating…