I agree, and I've put quite a lot into bitcoin recently due to the halving. But that was only after reading and understanding everything I could about the bitcoin markets. From the outside it definitely seems like a crazy speculation.
I would never recommend someone invest in bitcoin unless they've done a lot of research, are ready to hold through drops of 50% or more, and are prepared to hold for many years. Investors who haven't done the due diligence could be tempted to sell after a huge drop, and it's probably not for most people.
That being said, to outsiders it could be argued that bitcoin is at least a decent asymmetrical bet, and worth throwing a couple percent at. But only as much as someone is willing to lose.
I would never recommend someone invest in bitcoin unless they've done a lot of research, are ready to hold through drops of 50% or more, and are prepared to hold for many years. Investors who haven't done the due diligence could be tempted to sell after a huge drop, and it's probably not for most people.
That being said, to outsiders it could be argued that bitcoin is at least a decent asymmetrical bet, and worth throwing a couple percent at. But only as much as someone is willing to lose.