[deeeeplearning]

>The gains can be explained by nothing else than mania and speculation.

This was always the case for Bitcoin. Why would ever use it as a currency when its value can swing +/- 20% in a single day, that would be ridiculous.

[apta_]

The hypothesis is that its value will stabilize eventually. Many are using it as a store of value to resist government induced inflation.

[deeeeplearning]

Whose?

Bulls trot out the "Bitcoin to $1M" trope all the time, that hardly seems stabilized to me.