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Never forget the tulip mania http://www.bbc.com/culture/story/20160419-tulip-mania-the-flowers-that-cost-more-than-houses

Agree with the Fiat comment, but find it interesting that Cryptos are priced in that very same FIAT. I await Governments and world banks to launch their own official Blockchain, then we will see what happens to the thousands of Cryptos launched or being launched currently.

It is similar to a game of musical chairs, the music will stop abruptly and those playing wont get a chair. I looked 2 weeks ago, Bitcoin itself was around $5,300, today it is $7,300......based on what exactly?