The meteoric rise of Bitcoin in November, with a gain of 36%, revives comparisons to historic bull markets but raises serious questions about its impact on the global economy. With behavior similar to the fourth quarter of 2020, when speculative frenzy triggered a bubble that left thousands of investors in ruins, analysts warn that this rally may not be sustainable. As retail investors rush to participate, attracted by narratives of quick wealth, the risks of a synchronized collapse grow, threatening the stability of broader markets and exposing a troubling disconnect between perceived value and actual use of the cryptocurrency.
Is this an indication that cryptocurrencies are consolidating their role as a safe haven against global economic uncertainty or just another stage in an uncontrolled speculation cycle? What is clear is that Bitcoin's performance no longer only affects those operating in the crypto sector; its influence on global finances and investor confidence makes it a potential catalyst for a crisis or, at best, a barometer of the growing fragility of the current economic system.
