Bitcoin and Ether have both reached new all-time highs: Is now a good time to invest in cryptocurrency or is it a bubble?

On Monday, cryptocurrency prices such as Bitcoin and Ether reached fresh all-time highs. According to CoinDesk statistics, Ether, the digital asset that powers the Ethereum Blockchain network, has risen beyond $4,800 (approximately Rs 3.5 lakh). While Bitcoin began trading at an all-time high of $68,327.99 (approximately Rs 50.5 lakh), up 3.37 percent from its previous peak.

Interestingly, Bitcoin investors are hoarding over 14 billion dollars in their wallets. Inflation and decreasing bond yield prices might be blamed in part for the new highs in crypto prices. The cryptocurrency market is now seeing a significant uptick in bullish momentum. For the last week, the market has sought to achieve new highs.

Is it, however, merely a crypto bubble? It would be naïve, according to crypto specialists, to dismiss the current price increase in cryptocurrency prices as a bubble. A price correction, according to Sharat Chandra, a tech evangelist and crypto specialist, cannot be fully ruled out. “A lot of the impetus is being driven by new investors, including institutions, who are warming up to digital assets, particularly bitcoin as an inflation hedge,” he added. Not to mention major investors such as JP Morgan, who prefer…