The general attitude is textbook "peak bubble," especially with the mainstream media getting in on it and random taxi drivers talking about Bitcoin, the way they would discuss stock picks in '99. Ultimately, all the additional attention will bring in a ton of dumb money, smart money will take it as they realize it's time to make at least a partial exit, and the newcomers will get slaughtered.

The important thing is: what will happen to the rest of the market? Will Bitcoin's bubble bursting drag everything else down with it? Will people flee Bitcoin into other projects that are more fundamentally sound anyway? Both have happened in the past, and knowing which way it will go when tens of billions of dollars flood out of Bitcoin is a extremely valuable.