even the bulls have to be getting nauseous by now, but this is all debt fueled: sell equity to people who buy it by taking on debt and take on your own debt, which is provided by other debt-rich folk, and buy bitcoin. i don't see a fundamental reason why it'd stop soon - it's not like housing or something that's grounded in the utility of shelter and shelter-needers run out - the ground never runs out.

afaict either interest rates would need to go crazy high (which they won't) or we'll need some bitcoin-side catastrophe (like an exchange default or something).