This could be a of Bitcoin on a one minute chart.
In fact it's the SandP monthly chart. But instead of being up
50% in 24 hours, the SandP has taken 24 months to rise 50%
from 1800 to 27,000. Same thing, just slower. Both are very
popular, the SandP attracts 'old' money and Bitcoin 'new'.
As per older comments, nothing has changed here. This index
should rally between 4 x and 6 x from the 1800 lows set 2
years ago - to a minimum target at 72,000 and a maximum at
100,800 - over the next 14 years. Sounds very far fetched?
Stretched valuations? Maybe stretch your imagination
instead...Look back to the past - and see the future