Before starting to count our chickens, I think we’d do well to look behind the curtain for the cause(s) of the run up.  

I think that in large part, it’s politics rather than fundamentals.  It’s looking ever more likely that there will be a new leftist administration in Washington next month, one bent upon instituting sweeping tax-and-spend policies, and Wall Street is going to get a large portion of the bill.  As we all know, money goes where it’s treated best, and that place will no longer be the US economy.  Money is now looking for a safe haven, namely alternative currencies.  The IRS is only now starting to seriously look at how to get control of DeFi.