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Chartered Financial Analyst (CFA),
Investment Management Associates
Vitaliy Katsenelson is the CEO and Chief Investment Officer at Investment Management Associates. He has written two books on investing, which were published by John Wiley & Sons and have been translated into eight languages.
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Just like the doomed Beanie Babies investing craze or the dot-com stock bubble of years past, Bitcoin's time will come. Here's why.
See More From: Building Wealth
If Bitcoin is at $10,000 today it's because the fool who bought it for $10,000 is hoping another greater fool will pay $12,000 for it tomorrow. But what do you get for your money? What's it worth? That's the problem.
If you're feverishly worrying and wondering, then you've got a big problem: You aren't an investor. You're a gambler. And a bad one at that. Here's how you should be thinking about the markets instead.