Here is proof of what is really driving Bitcoin valuation.
Bits posted on this forum:
Bitcoin is the only currency that generates massive money just by holding it.
The biggest advantages of bitcoin was able to give more money or making you money double or triple its price through time passes by.
Bitcoin is indeed really a matter of life for many people. So many people are earning their livelihood through these digital currencies specially bitcoin. Bitcoin is the best method for making money when you are jobless.
In other words, a get-rich-quick scheme paid for by poor people who have no idea what they are doing.