The reason behind the recent rally is pure greed which created chaotic situation, unlike traditional markets Bitcoin gave exponential returns of over 100,00% since beginning and people believe that it will keep giving such returns down the road but that's not true. In fact, Bitcoin can even fall below $5K level and hence rational approach is needed while taking any investment decision. I am worried about this greedy craze.
Bitcoin made the world crazy because its price keeps rising and causing many people to be surprised. Bitcoin is now down, but with its great potential promising a brighter future and causing many to continue to rampant. It also made people excited because it shows how convenient it can be in the future.