The really special thing about Bitcoin is that new supply can't increase with the increasing price & demand.
Any increase in supply has to come largely from the existing supply.
We've never had a commodity with a completely inelastic supply. Things get really exciting as this reality becomes apparent to the market & FOMO starts kicking in.
It will be interesting to see how the fiat system responds. Do they pause the ETFs as volatility starts peaking or let it play out like it's a free market?