It doesn't need to make sense. As long as people are greedy or fearful about one thing, there's money to be made.
yes some people who buy
BTC are greedy. but you cant always say that they are. its funny cuz everyone who uses
BTC want others to use it because they like the concept of it. so to use it they have to buy it but that makes the price go up a little. then they get mad and say oh well you just want to get rich off of it.... ha catch 22