Bitcoin bubble

A Bitcoin bubble refers to a period when the price of Bitcoin surges rapidly, often driven by speculation and hype, rather than its intrinsic value. During this time, many investors buy in, hoping to profit from the rising prices. However, once excitement wanes or market fundamentals change, prices can plummet, leading to significant losses for those who bought in at high levels. This cycle of rising and crashing prices is characteristic of bubbles in various markets, showcasing the volatility and speculative nature of cryptocurrencies like Bitcoin.