That has been the case for a long time now. The vast majority of people don’t buy bitcoin for its utility but because it has gone up so much and they want a part of the action. Current price is based on pure speculation!
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Yeah. This has been the case for a long time. It’s personally what attracted me to bitcoin at first. I was talking to someone about how to get rich and some random stranger mentioned bitcoin. I looked up the prices and the increases and was impressed. That got me looking into what was behind bitcoin and the other coins. I have learned so much since that time and I believe that one of these coins has to technology to become THE crypto currency. But i dont believe it will be bitcoin in the end. This is why i am invested in other coins, while still riding the price of bitcoin.