What I find odd is that alts are doing nothing. ETC is not climbing like this and LTC is at .003 to Bitcoin. It's been .004 all summer and was around .01 last year.
So there is a decoupling here. Odd.
Seems entirely plausible to me.
Fiat -> Bitcoin
Bitcoin -> major alts
Major Alts -> shitcoins fest
The ones who understand, get rich.
/alt_speak