- Exactly this. Bitcoin is not an investment, it is a utility that permits large transactions to avoid inter bank scrutiny. Those who 'invest' come & go, anyone with an early stake would have sold out long ago & taken their gains. The driving force is crime and subterfuge & it is now too big to fail.
- If the markets where there is a there there fall, the markets where there is no there there fall more. Bitcoin will not collapse however. Everyday there are thousands of crooks wanting to launder money, bankrupts hiding wealth, or divorcees putting assets out of the hands of ex-spouses.