Sad that it is no longer a narrative, particularly with Elon blessing it now. He's playing with house money and has the following. Look at Telsa, each car would have had to sell for millions of dollars to be worth this valuation. But this market doesn't care, we raise targets more and more. The Fed could do something, but it may Bitcoin may be $200-$300k by then. Self fulfilling prophecy with funds and now companies deciding to buy it and accept it. Certainly a sad movie to watch. Supply and demand says that is the price. The longer things sustain themselves, the more people seem to forget the past busts. We now have 5 gaps below in the $SPX just from the past week or so. Truly amazing.