Bitcoin's price has become a self fulfilling prophecy at this point. There have been so many stories about it hitting 100'000, 50'000, even 500'000, that these

Bitcoin's price has become a self fulfilling prophecy at this point. There have been so many stories about it hitting 100'000, 50'000, even 500'000, that these current prices seem "low" in comparison. i.e. the voluminous news stories hyping up the price have psychologically anchored a high value bitcoin in many investor's minds. Also, there is a major, major element of FOMO happening here. People are home, isolated, bored, reading more news, and reading of "Bitcoin Millionaires" etc, and of course, they want in on that action too. It's not dissimilar to what's happening with Tesla.