Is Bitcoin a bubble? Extraordinary growth in the year attracts investors and divides economists; understand

During bubbles, asset prices become detached from real measurements, explains Fernando Nogueira da Costa, professor at Unicamp. From then on, there is a movement that feeds back on itself: investors rush to buy; greater demand causes the price to rise; more investors are attracted, and so on, until the bubble bursts and the asset's price collapses.