Is Bitcoin expensive or cheap?

I was here a little bored this Friday and since I had to write about crypto this question occurred to me. Also, this way I will try the Ecency survey system. See if it works well. And the question is, do you think Bitcoin is expensive or cheap at these current prices?

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Bitcoin is having a very bullish year and is at maximums, which in theory should put us on alert that it is somewhat expensive. Or at least it is more expensive than in its entire history.
But on the other hand, the most famous Cryptocurrency has more and more adoption in the market, more institutional support with ETFs, it is in a clear upward trend and recently had its mining rewards halved.

So it's not an easy question to answer. I am not the best person to answer it since I am a long-term Holder and I also own BTC so I could not be impartial in the answer either. But since I know that there are some Hivers here who do not have Bitcoin in their wallets, I would like to know what their opinion is on this topic.

You can answer in the survey if it works.

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