I really hoped it's not but it seems people see BTC as a way to keep their money safe during a disaster..
I absolutely believe that is partly why BTC is climbing - it's one of the reasons I own it. As we slowly slide down the fall of western civilisation over the next 50 years (peak oil, climate change, pollution, overpopulation, debt mountains, etc.) more and more people will look to BTC as a safe haven away from fiat.
I'm an optimist though - I think the slide (starting with Trump, North Korea, Brexit, etc.) will provides lots of good reasons for BTC value to climb fast and high.