The main driver of BTC surge is a Zimabawe, Venezuela currency crush. This is a trending and tricky situation making investing in BTC more dangerous. Nevertheless, a further collapse of world currencies due to the crisis could trigger new large purchases of BTC. The recovery of currencies or the speculation of large investors on BTC can lead to a strong collapse of cryptocurrencies, since sooner or later they will fix the profits obtained using an external driver.
Can say the same as the US Dollar and the state of the current US stock market. Talk about a investment into nothing, the US dollar is supposed to be tied to the amount of gold in the Federal Reserve, but since there is no actual oversight, the Fed prints more and more paper, Banks borrow and then loan and create more debt and the process starts all over again, nobody actually has ever seen the ledgers of the Fed and Banks and have no idea just how bad it’s gotten, so once they have exhausted there paper machine game they will turn Digital, and it will start all over again. CHEERS !!