Wouldn't you agree that probably 90% of the current price is driven by FOMO and people putting money in bitcoin because "it's rising" or "my friend doubled his money while sitting on the toilet, so ill buy some of it" ?
There are other currencies with vastly superior usage properties (for example ethereum), for which I could understand an investment based on the fact they might actually be adopted as infrastructure
To me this is just the typical example of people that profited handsomely because of:
1- being sons of rich people
and
2- being disgustingly lucky
Bitcoin is a braindead bubble with no fundamentals whatsoever, these guys just happened to have a few million lying around, they put it into something that made absolutely zero sense and ended up billionaires.
There are other currencies with vastly superior usage properties (for example ethereum), for which I could understand an investment based on the fact they might actually be adopted as infrastructure