Price discovery is impossible with the whales controlling 90% of all bitcoins minted.  The original intent of bitcoin as a neutral asset disappeared long ago.  Those at the top are trying to get more users in to keep it's price stabilized. 

Bitcoin kind of reminds me of the push for solar energy to replace engines using fossil fuels.  Big marketing push by those who benefit from it's adoption even though it doesn't have the value advertised.

Two 1.5 hour videos on the subject on streaming TV interviewing early adopters and investors who have made and lost money.