Bamboo or wood laminate?

I’m planning on ripping out my carpet and buying wood flooring. I’ve heard that wood laminate is great because it’s cheap and looks like wood. But, I’ve also heard that bamboo can be affordable as well and is also eco-friendly (I guess because it grows like weeds).

Can someone give me advice as to which route to take? If bamboo is more expensive, what is the benefit in buying it? I have to pay for installation as well, so I’m trying to save money. I have about $4,000 to spend on about 700 square feet.