This is going to turn into another disaster.
for whom?
For bitcoin, I'm afraid. I just think that odds are this is the result of a pump and dump effort, and we're still in the pump phase. I'm just mentally preparing for the whole project to get set back another couple years.
Even the June 2011 bubble wasn't really a set back, the average BTC price for the 6 months after bubble is 7 times higher than the average price for the 6 months pre-bubble.