Crypto is just a very effective security with which to speculate, part of the game is that its not tied to any real world asset so no price is too high or too l

Crypto is just a very effective security with which to speculate, part of the game is that its not tied to any real world asset so no price is too high or too low. high volatility, low regulation, built in deflation, limited supply(because people like to hoard coins) and just enough technical innovation and jargon that it seems "high tech", fear of missing out... all these things created the perfect storm for smart and dumb people alike to pump bitcoin to the moon.