If you reflect on the early days of the internet, this is a similar time where we have the confluence of speculators, scalability issues and the traditional banking finance sector wanting to make sense of the craze, then it all sounds reasonable. I look at the volatility as a turbulent take off where we all need to fasten our seat belts and take a long breath until we clear the turbulence.

Can we explain it with actual logic and mathematics probably but you may not like the cause and effect relationships you discover...