Yes thats what is freaking me out, it doesn't make any sense. A parabolic run up like this has *always* ended with a significant correction in the past, followed by a longer retrace and then a new bottom higher than the previous ATH, to springboard off.
Paradigm shift.
Bitcoin is not a stock, it is a revolution.
That may be true, but we have come a long way from 2009. Bitcoin has now become big enough to be a separate asset class. With a large number of investors, it might very well start behaving like a stock in terms of price.