Players change, speculative instruments change, but human psychology remains the same.

If you thought Trump taking credit for the stock market run up was bad enough, well, you haven’t seen this gem.

Bitcoin to hit $50,000, surpassing Apple’s market cap in next 5 yrs – analyst

“People need to start taking this seriously because today bitcoin caught up with Goldman Sachs. Within five years, it’s going to catch Apple which has a more than $800 billion market cap,” the analyst said in an interview with CNBC

Our intention here is not to debate whether or not Bitcoin has any value, it does not, but rather, to point out the obvious.

How insanely optimistic investors are when it comes to investing in probably the most speculative asset class today. 

I remember how investors where trying their best to explain why and how Pets.com valuation would overtake GE by 2005. So is the case today and no matter how reasonable that Bitcoin valuation explanation may sound.

Central banks, no controls, mining, limited quantities, etc….. All nonsense. Bitcoin is only worth what someone else is willing to pay for it. No more and no less. And one day the price of Bitcoin might as well be zero.

The above speculative sentiment is also clearly evident in the stock market today. Bluntly put, investors have never been this bullish before. 

So, is this a buying opportunity of a lifetime or have we reached peak optimism before the collapse? 

Well, in terms of the stock market, the situation is incredibly complex. If you would like to find out what happens next, based on our mathematical and timing work, please Click Here.