"This time the money is mostly coming from wealthy individuals. While some of these folks have certainly shown regrettable judgment, this is completely differen

"This time the money is mostly coming from wealthy individuals. While some of these folks have certainly shown regrettable judgment, this is completely different than in 1999 when literally billions of dollars were flowing from institutional investors and the general public." Doesn't matter whether coming from wealthy individuals or institutional investors or the public. Both are susceptible to the halo, follow the bandwagon, and hype. The decision are ultimately made from people. It's what drives any tulip craze.