Bitcoin was pumped to insane prices by MtGox/WillyBot/Karpeles and his Cat or only China with the purpose of getting its value at over 2 digits, and making themselves rich in the process by dumping on the bigger fools. They've succeeded.
Bitcoin 'insane' prices are yet to be seen!
You may say whatever you wish but simple truth is people that bought bitcoin at $1000 will break even soon but people that sold their bitcoins at $100 (then-insane level) never will. Those losers will always hate bitcoin and try to pick up some other altcoin like eth.