At the time, who could become a crypto punchline.
Basic Attention Token. Unlike most altcoins, its price movements do not depend as heavily on the rest of the crypto market and usually ends up being the one to set the trend. Nevertheless, when we look back at the implied volatility of BTC over the past four years, it remains relatively subdued, implying that BTC hasn't yet demonstrated the explosive rally it is historically capable of. When stock and crypto trading became trendy again during the COVID pandemic in late , bitcoin prices again soared to new all-time highs. Several high-profile bitcoin skeptics, such as recently deceased Berkshire Hathaway vice chairman Charlie Munger, economist and professor of applied economics at Johns Hopkins University Steve Hanke, and Nobel Prize-winning economist Paul Krugman, still believe the cryptocurrency is inherently worthless and predict its price could ultimately fall to near zero.
