That is being used as a cover. The main reason for bitcoin's rise is speculative risk of the dollar, and yaun. You are simply parroting the mainstream media's cover story, so people don't start getting any smart ideas like protecting their wealth.
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It's called 'riding the waves' and the media is simply a good signalling tool & creator of those waves. It hypes people up. I'm a grounded person, so I can see through the hype but still realize it exists and can be ridden like a horse into riches, which is just simple investing strategy. People who protected their wealth in bitcoin are now selling parts and making good profits for it. It's obvious that bitcoin is quite useful, especially in this unstable day & age.