It means that Bitcoin at today’s price of $16,000 (and just few days after being $9,500 when my friend told me to get some) still has more than double the distance to go, according to "conservative" estimates by hyped investors.
At the same time, there are a ton of solid arguments against Bitcoin and in favour of it being a huge bubble.
What’s your take on the situation? Do you own Bitcoin? When and at what price did you get in? Do you think it’ll keep going up and to what degree? Or are you on the side of those thinking a crash is imminent?