It is kind of amusing to see the “financial” people act like this mind of volatility is “new” or “dramatic.”
This is how this thing has traded for more than a decade. The ETFs will tend to tone that down a little, but watching the price shoot up this morning was clearly a local blow off top…the drop wasn’t as bad as they used to be. It could still drop deep into the 50s and it would be considered “normal.”
It is not for the feint of heart. It’s best to just not look most days.
Buy and hodl.
It’s gambling. Greater fool theory, etc.