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If I could answer this question, I would be very wealthy. 😁
I struggle to understand how cryptocurrencies can be a currency and an a highly volatile asset at the same time. I’m a little worried about the recent run up in real estate values, although we recently benefited by selling our primary home.
Any cryptocurrency not issued and backed in full faith by a government is in my mind valueless and so always in a bubble. As I write this in April 2021, parts of the US stock market are over-valued, mainly NASDAQ-listed companies. The ARKK ETF, which more than doubled in price last year, holds many such companies. Some might use the “B” word to describe parts of the bond market, considering historical measures of value as well as current default and interest rate risk.