Market Analyst Simon Moore: Bitcoin's value is hard to gauge, but investors are bullish or bullish in the long term.

Bitcoin is difficult to define as gold, and the value of an asset is not determined by cash flow. Critics may think the value of Bitcoin is too high, but since there is no clear basis for Bitcoin's profitability, there is still room for more action. In fact, as the price of Bitcoin rises and purchases increase, interest in Bitcoin can lead to increased income. While many traders have very little Bitcoin coverage, which may be a good reason, Bitcoin, like gold, is one of the more difficult assets to value.