Bitcoin did better when politicians did not care much about it one way or another: both fighting them and being 'embraced" by them ain't bitcoin's "motto", imho.
We are living a a strange, but interesting times, it seems.

I decided to completely ignore bitcoin's current monetary value...perhaps it is true that it could be almost any number.
Could it be 500K/btc in 2025...absolutely.
Could it be 50K in a week as well...same answer.

I don't think it is because of some "underlying" value as, surely, gold has no underlying value of $20 trillion, no way, shape or form.
It's just btc holders, at least in part, are over-leveraged weaklings who can't see forest for the trees.