Bitcoin reached a new peak of $50000 and then had fallen back in February 2021. As we have observed, Bitcoin attracted investment from Tesla, and interest from Morgan Stanley, BNY Mellon, MasterCard. There is a serious debate about whether Bitcoin is a legitimate asset with purpose and value. There are misgivings about its use in money laundering and spurious transactions. Taleb has divested the Bitcoin held. According to him, a currency can never be more volatile than what you buy and sell with it. Products cannot be priced in the cryptos. More investors could dabble into Bitcoin trade.

In 2017 too there was a run up, but now there is trust that Bitcoin will emerge as mainstream asset class with the backing of big investors.

Bitcoin market could have a limited fixed supply of 21 million coins.