But that's just it, people understood what was driving value in those companies and the potential upsides.
What's driving value in Bitcoin today? There are no assets, no revenue, and no technology to sell. It's only "value" is that of currency, which it's bad at since it's too volatile to be used in trade.
I do wish I bought in when I first heard about Bitcoin in 2017. At the time it was too risky for me. In hindsight it made some people a lot of money. That said I would have probably sold when I doubled my money and moved on. I think those days are gone though. Back then it was an unheard of entity so you had growth as people bought in. Now everyone has heard of it. There won't be an asset discovery, a technology patent, a product launch or a dividend increase to drive value - you have to wait for the heard to pump it up again.
BTC has been flat for 3 years and dating back to the pandemic has lagged behind numerous asset classes - and that's before you factor in dividends.
Happy to be wrong though, and if you've got the risk tolerance to dump your life savings into BTC today, all the power to you.
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