I for one think it is absurd the way BTC has gone up of late. There must be good(-ish) reasons for it doing so, namely speculation by folks with too much disposable money to know what to do with for the high risk portion of their portfolio, and, maybe, criminals of one kind or another. (And when I say criminal, I mean anyone who commits any kind of action prohibited by the letter of law -- so lots of folks, since downloading stuff became easier, cheaper, faster and arguably harmless).
But still, wtf. No matter how useful bitcoin can be for money laundering or buying drugs, nothing as far as I can see justifies this ridiculous rise in value.
Ludicrous.