The word hype does not make it valid and non-circular nevertheless.  This is what the other poster was talking about when they said I think the markets are god.  Hype does not fuel bitcoin's price, and neither does irrational exuberance. The markets as a pricing mechanism function as the totality and aggregation of all of the available information.  It doesn't matter how many people visit r/btc to complain about a system they have taken no time to understand.  It doesn't matter how many twitter accounts complain.  The markets do not rally a $16billion dollar project for irrational reasons.  The driving force is not hype and there is no founded scientific argument in regard to market theory that would suggest so.

When Jakoon or whatever their name is says I believe the markets are god, its because I explained that the markets are the pricing signals that tell us what is rational, we don't look back at them and make arguments that the markets are not being rational because they don't agree with our subjective opinion on the prices that are created.