BTC cryptocurrency high price for fiat are just a war with physical gold. It's just another "wall street" -make money from nothing.. just bull/bear x times... Walls street is not working now . becouse everything is a fraud and regulatory and inside information from congress about the future contracts ..
Also it is ONLY a war with China and Russia which collects physical gold as much they can .. And also war with chinese gov. on capital "flight out" .. but its over slow..
Someone sold paper gold to manipulate...not long ago
Some people are pumping bitcoin to create like: "new gold" or expensive chip ... Because they (usa-petrodollar) have nothing real value to buy real gold
they only export the war ..
So they dreamed that a
BTCchip will have a value of 500k (like johny mccocaina) And they hope ,will can for that worthless value
BTC created only with "pump style" in the future to buy something valuable or humans real work... or that physical gold if some fool sell them for bt..
But some people create like eth as an opportunity... Clashing competition as another worthless token to buy other worthless token. pumping eth will now very smart think.. to buy more bitcoins later ..
1000usd for eth will nice for start .. so they bitcoiners - MUST raises the price up on the top , becouse othervise bitcoin will be cannibalize with other cryptos
Also if you earn some fiat on the higher price of bitcoin... It's like you're printing home the next dollar. Inflation is growing .. But compared to the one as fed digitaly print usd it's nothing
So it is clear why the price of bitcoin is definitely not going to fall(!). It's a tool to buy real values later ... last "fight falling empire"
its like when you got rich in 80-90 years on the wall street. Today it does not work much , so they have to look for and invent new ways. basically it's the same."money for nothing and chicks for free"
Canada sold all gold soo they have now only - hope in "sacred bitcoin" to buy some real values later .. just for exmpl
But whole world situation is constantly changing...