Then asked if he thought Bitcoin was in fact a bubble, Primary Strategist of investment giant Charles Schwab, Jeffrey Kleintop, focused on Bitcoin's uniqueness in the global economy.

In an interview with Business Insider today, Kleintop said Bitcoin was "kind of its own thing" and hard to predict due to its "independence."

Bitcoin has defied recent doom-mongering from mainstream news and investment sources, already starting to opposite losses seen concluding week when prices fell from to under $13,000. Less than a week before the correction, Bitcoin hit over $20,000 a coin.

Despite chimera-like beliefs remaining a common narrative amidst analysts discussing Bitcoin, Kleintop conspicuously chose not to outright concur, giving kudos to the concept that Bitcoin was more of an unknown, unique phenomenon. Describing the anomalous nature of Bitcoin, he told Business Insider:

"...I call back the Bitcoin bubble if you want to call it that, is something dissimilar. If prices for Bitcoin were to plunge suddenly, because it'south then independent from the financial organisation, it's kind of its ain matter. It hasn't yet become embedded in the economy and the financial construction."

Other well-known names in traditional finance to shun the "chimera question" this week include Tom Lee, co-founder of Fundstrat Global Advisors, who told Bloomberg that those who presume "pure speculation" is responsible for Bitcoin's price rise "haven't done their work."

Business Insider'due south own CEO, Henry Blodget, took a more than diplomatic approach, stating Bitcoin could simultaneously be a chimera and "have a glorious future and change the world."

Blodget had described Bitcoin equally having "no intrinsic value" earlier this year.