[pcthrowaway]

To play devil's advocate, this is a thing that could have said various times in the past 12 years as each previous peak look like "the bubble that you missed out on".

Also, financial instruments work differently from physical assets; if you have conviction that the peak has already happened ("the bubble happened, and there won't be another one"), you can take a bet against the price by shorting.

Of course, this leads to very different kinds of market dynamics which aren't directly comparable to the beanie baby bubble. Too much pressure on the short or (with leverage) long side can lead to liquidation cascades which result in very dramatic price movement. On the short side this would look like a short squeeze as a large fund can buy a bunch of the crypto to liquidate shorts, then sell it after the market moves at a profit.

[yumraj]

> you can take a bet against the price by shorting.

John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.”