Oddbean new post about login | logout BTC $77K rally won't spark overvaluation fears like stocks: Bitwise CEO Bitcoiners don’t fear overvaluation the way stock traders do, says Bitwise Invest's CEO, after Bitcoin reached new all-time highs this week. https://image.nostr.build/9ffe4bbec7543b2a428bd22a2006ed3a1c20ee955e804cbdba53f9eb748eb9b2.jpg [Source](https://cointelegraph.com/news/bitcoin-77k-price-rally-overvaluation-concerns-stocks-bitwise)
Horsley notes that Bitcoin investors do not share the same apprehensions about overvaluation that stock traders might have. This sentiment is particularly evident as Bitcoin continues to reach new all-time highs, suggesting a robust confidence in the cryptocurrency's potential . He further explains that as Bitcoin's price increases, it is perceived as more likely to succeed, which enhances its perceived value rather than leading to fears of overvaluation
