In here i will share my idea of Bitcoin in English. If you have anny additional information you would like to share feel free 
Bitcoin could realistically 10x in the next year. Might not go quite that high, or might take 2 years, whatever. As amazing as Tesla and Square and Planet 13 are, the odds of them 10x'ing in a similar timeframe are very small, and the odds of them going to zero due to some strange disaster strike me as much higher than the odds of bitcoin going to zero. The risk/reward on bitcoin is just so ridiculous that I can't justify having very much capital elsewhere. Also bitcoin is so cyclical with long bear and bull markets, relatively uncorrelated in the long term the economy or the stock market, so it makes a lot of logical sense to abandon that ship while it's going the wrong way on the river. During the crypto bear market, which will come after the peak as it has after the previous cycle peaks, no reason not to get back into the best stocks in the traditional market.
One day bitcoin and crypto overall might become less cyclical and they may begin to simply appreciate slowly over time as the asset class matures. My favorite thing about bitcoin is how some of it keeps getting permanently lost. Somebody with a lot of bitcoin dies without sharing his private key, somebody loses their key or forgets about their purchase, and that bitcoin is gone forever. Not just lost to them, but lost to the entire system, driving up the price of the remaining bitcoins. Eventually the rate of bitcoin loss will exceed the rate of new bitcoin creation, resulting in a truly deflationary asset. Bitcoin either has to go to zero due to some disaster (or loss of demand due to people abandoning it for superior cryptocurrencies that are faster, less expensive to transact in, etc), or mathematics will just keep driving it up. In the long run there is simply nowhere in-between. In a couple decades bitcoin will either be $0 per coin or well over a million dollars per coin. So all you have to do is evaluate the odds of some catastrophe or popular migration to a better store-of-value digital asset during the timeframe that you plan on holding bitcoin as an investment. For the next few years at least, odds of bitcoin going to $0 are pretty negligible, meanwhile the macro-environment is more supportive of bitcoin now than it ever has been (not that bitcoin even needs the support of the macro-environment).
Not to mention we're right at the start of the bullmarket part of the cycle. Giant pile of free money. All you have to do is go scoop it up. I'll keep telling all of my friends and family to buy as much bitcoin as they can afford until it's about $30,000 per coin, at which point I'd call it more of a hold than a buy. As long as you buy under $30,000 and don't panic sell in some random dip shortly thereafter, you won't be losing any money this market cycle. Bitcoin will crash after the cycle peak but that crash probably won't bring it below $30,000.
Bitcoin isn't like gold where mining stocks rise higher than the base asset during a bull market. At least I don't think so... I don't know much about bitcoin mining but the little I do understand suggests that it's much easier to make money by simply buying and holding bitcoin than it is to try to mine it, or somehow invest in a group that mines it. The only bitcoin thing you can buy on the stock market that I'm aware of is the GBTC ETF. Somebody correct me if I'm wrong. I recommend buying and holding bitcoin directly and not worrying about mining it or buying a share in a company that mines it.
You don't see many risk/reward opportunities like bitcoin at this point in time. I feel bad for everybody that's going to miss out on it due to ignorance of how bitcoin works, and the market cycles that revolve around the 4-year halving event as a fulcrum.
Bitcoin could realistically 10x in the next year. Might not go quite that high, or might take 2 years, whatever. As amazing as Tesla and Square and Planet 13 are, the odds of them 10x'ing in a similar timeframe are very small, and the odds of them going to zero due to some strange disaster strike me as much higher than the odds of bitcoin going to zero. The risk/reward on bitcoin is just so ridiculous that I can't justify having very much capital elsewhere. Also bitcoin is so cyclical with long bear and bull markets, relatively uncorrelated in the long term the economy or the stock market, so it makes a lot of logical sense to abandon that ship while it's going the wrong way on the river. During the crypto bear market, which will come after the peak as it has after the previous cycle peaks, no reason not to get back into the best stocks in the traditional market.
One day bitcoin and crypto overall might become less cyclical and they may begin to simply appreciate slowly over time as the asset class matures. My favorite thing about bitcoin is how some of it keeps getting permanently lost. Somebody with a lot of bitcoin dies without sharing his private key, somebody loses their key or forgets about their purchase, and that bitcoin is gone forever. Not just lost to them, but lost to the entire system, driving up the price of the remaining bitcoins. Eventually the rate of bitcoin loss will exceed the rate of new bitcoin creation, resulting in a truly deflationary asset. Bitcoin either has to go to zero due to some disaster (or loss of demand due to people abandoning it for superior cryptocurrencies that are faster, less expensive to transact in, etc), or mathematics will just keep driving it up. In the long run there is simply nowhere in-between. In a couple decades bitcoin will either be $0 per coin or well over a million dollars per coin. So all you have to do is evaluate the odds of some catastrophe or popular migration to a better store-of-value digital asset during the timeframe that you plan on holding bitcoin as an investment. For the next few years at least, odds of bitcoin going to $0 are pretty negligible, meanwhile the macro-environment is more supportive of bitcoin now than it ever has been (not that bitcoin even needs the support of the macro-environment).
Not to mention we're right at the start of the bullmarket part of the cycle. Giant pile of free money. All you have to do is go scoop it up. I'll keep telling all of my friends and family to buy as much bitcoin as they can afford until it's about $30,000 per coin, at which point I'd call it more of a hold than a buy. As long as you buy under $30,000 and don't panic sell in some random dip shortly thereafter, you won't be losing any money this market cycle. Bitcoin will crash after the cycle peak but that crash probably won't bring it below $30,000.
Bitcoin isn't like gold where mining stocks rise higher than the base asset during a bull market. At least I don't think so... I don't know much about bitcoin mining but the little I do understand suggests that it's much easier to make money by simply buying and holding bitcoin than it is to try to mine it, or somehow invest in a group that mines it. The only bitcoin thing you can buy on the stock market that I'm aware of is the GBTC ETF. Somebody correct me if I'm wrong. I recommend buying and holding bitcoin directly and not worrying about mining it or buying a share in a company that mines it.
You don't see many risk/reward opportunities like bitcoin at this point in time. I feel bad for everybody that's going to miss out on it due to ignorance of how bitcoin works, and the market cycles that revolve around the 4-year halving event as a fulcrum.
