It got me thinking about the whole concept around financial value. It's amazing how financial value is subject to supply and demand dynamics because these dynamics are determined by human beings while transacting. Social proof—that others are doing something—adds a lot to these dynamics. The recent Bitcoin bull run from 8k to almost 20k was a result of increased interest in Bitcoin from the people who had not invested before. Added media attention played a huge role too.

The financial value equivalent to $20k was gained only because of people transacting at that time. It makes so much sense now.