What people need to realize is this lowers the barrier to entry for the average joe. All those new "verification" on MtGox will go through. The next "bubble" will be at $500 or $1000. Get your popcorn ready...
After a crash from $266 to $55 is another round on the way? If you have/had money to throw in would you, are you? I don't know it is possible we could see another bubble but, I doubt it will cross $266. I also think all we are seeing today is a new bull trap. Two bubbles in a row does not generally happen. And after such a massive loss in value a bigger bubble seems even more unlikely to me. There were some interesting charts that showed before the last rally Mar 17. that the price should be about $100 from Jan. I think that is why we see the price we see today. It is still just speculation but, it is at least more sane speculation than the past 4 weeks. I expect next week to see the price go down or mostly sideways. If it goes above $120 I'll be shaking my head.