Bitcoin prices are in a bubble. To recognise this, one need only look at the cryptocurrency’s vertiginous path to its current peak of more than $16,000 — and then recall that it has no intrinsic value. It is not productive like oil, and no government stands behind it. It is not even physically attractive, as paintings, gold and tulips are. As of today, the sole legitimate reason to buy bitcoin it is to sell it later for a higher price.
比特币(Bitcoin)价格存在泡沫。要认识到这一点，人们只需要看看这种加密货币达到目前逾16000美元这一峰值的令人眩晕的上涨过程——然后记得它不具备内在价值。它不像石油一样有生产用途，也没有政府为其背书。它甚至也不像绘画、黄金以及郁金香那样有外观上的吸引力。到目前为止，购买比特币唯一合理的理由就是为了之后可以高价出售。
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