That's crazy. These people don't care about what happens to the price though, cause they'll be the first to take profits before it all crashes... It was only a matter of time before the same type of greed we see in the corporate world seeped into the realm of cryptos...
Yeap, the higher one is on the pyramid, the more it will burn the way down. Basically post 3000 BTC is just hot air. not real value.