BTC is still a buy at <$25k USD
The reason that I say this is as follows:
BTC is not a bubble;
tulips... the price was high because of hoarding, then people wizened up and realized that you can just grow more (infinite supply)
housing... supply was available, so artificial demand was created by lending to unqualified homebuyers, and supply increased, the buyers disappeared and defaulted
Bitcoin is finite, only legitimately creditable (though there is some argument about manufactured coin and current scheming (just make sure your shit is on the chain, I don't care if the kids all say "that isht is off the chain, yo" ... )
Bitcoin represents a paradigm shift of the world's wealth into the digital era, imagine if someone told you to 'just ignore that internet fad' back in 1995. Netscape Who? ...
So, depending on who you ask, there is somewhere around $80T of 'currency' in the world (broad money), and somewhere around $200T of total global debt. Without talking about narrow money, or it's implications on price, or getting into derivatives or other debt, let's just consider the broad money example.
Very oversimplified math goes as such: If just ONE PERCENT of this $80T USD moves into Bitcoin, we have a nominal value of $38,095/BTC. Let that sink in.
Narrow money is about $29T, so if 1% of that moves over, yields a $13,809 coin, so that's about where we are at now, and institutional money is coming.
BTC will not be the only crypto into which this wealth flows, but I believe that it will be one of the few that sustains and continues to set value. Does anyone believe that a 1% adoption rate is where this 'fad' will stop? How many people used the internet in 1990? 1995? Today?
In wallet we hodl.
Cheers!
21 million bitcoins total supply, 1% of just the broad money moves in, ~$40k coin...so yes, a ~$10k coin is still a buy, and should be for most people. That said, there may be some bumpy territory getting there.