IMO, also as an observer since it started, Bitcoin is media driven. Every time it reaches new peaks it gains attention in media/blogs/etc until it something bad

IMO, also as an observer since it started, Bitcoin is media driven. Every time it reaches new peaks it gains attention in media/blogs/etc until it something bad happens like a hack/etc to trigger a sell off and it falls out of favor of media. Eventually it repeats. It may be getting to a point where it doesn't feel beta. It's a viable alternative when crazy economic things are going on in India/China/etc and it starts actually becoming the thing it's supposed to be: currency. Then, limited trading volume drives prices up.