Wouldn't you agree that probably 90% of the current price is driven by FOMO and people putting money in bitcoin because "it's rising" or "my friend doubled his

Wouldn't you agree that probably 90% of the current price is driven by FOMO and people putting money in bitcoin because "it's rising" or "my friend doubled his money while sitting on the toilet, so ill buy some of it" ? There are other currencies with vastly superior usage properties (for example ethereum), for which I could understand an investment based on the fact they might actually be adopted as infrastructure