Odaily Planet Daily News Bitwise Invest CEO Hunter Horsley stated that Bitcoin reached an all-time high this week, but did not trigger investor concerns about overvaluation like stocks do. "Bitcoin is different," he explained, "when a company's stock 'rises', the price-to-earnings ratio also rises, and at some point, people will say 'this is overvalued', and then they become less interested until the price drops." Horsley added that without the same financial performance metrics, "when Bitcoin's price rises, people believe it is more likely to succeed, thus making it more valuable, so it is likely to rise further." (Cointelegraph)