While bitcoin is back in the spotlight, it is far from the frenzy that we experienced in late 2017.
At that time many of my neighbours, my daughter's hockey teammates' parents, and so many others were talking about bitcoin — which is a strong indicator that we were nearing the peak.
My feeling now is that it is going higher, potentially much higher over time if it breaches the $20,000 US mark, but it won't go up in a continuous straight line. There will be plenty of boom and bust periods along the way.
Try not to give in to FOMO (fear of missing out) but, if you are interested in crypto and understand the risks, gradually enter the market over the next year as opposed to going "all in" today.
With prices exceeding $18,000 for the first time since 2017, BTC looks poised to break its previous all-time high. Meanwhile, plummeting exchange balances support the narrative that investors intend to hodl.