Bitcoin today must appear as something of a dilemma to the more cautious investor. Out of nowhere, it has exploded onto the scene, and in a decade has gone from strength to strength. And yet it seems so volatile as to defy any standard of valuation with which investors might feel they better understand it – they’re more often than not left wondering if it’s just a super speculative bubble. Though no doubt it has appeared to be that at times, and especially on the lengthy corrections. However, there is a rational and real trend that underlies these appearances. If we understand these, it will be able to provide a rationale by which the more cautious investor might start gaining some exposure to this asset class.
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