A lot of big money starting to move into BTC. Thus, the move too far, too fast might not be accurate since it, overall, is a rather small market cap (for Wall street standards).
How high can it go? My long term level is the market cap for gold. I think this is the role BTC has for most so it will get a comparable value.
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Interesting that you see it linked with gold. I am not sure that I agree, but I get why some would view it that way.
Time will tell.