These pump and dumps are destroying bitcoins credibility.
Every year it gets worse and worse.
At least this bubble was accelerated
Yep. Someone just wanted the auction bidders to pay something much higher than $230-ish. They literally ran it up for the lulz. No wonder the number of auction bidders dropped off.
The problem with btc will always be the greed of early adopters. It has worked for them for years now but the opportunity cost is serious investment.