Indeed it has, and it almost certainly will again. Poorly informed noobs will see the performance of the last 2 years as irresistable as it continues to climb early this year and the price will hit mania phase before beginning its crash of 80% or so just as it did in 2013/2017/2021. The average mining cost is the tether to reality. If the purchase price is significantly higher than the cost to mine, like 3 - 5x the mining cost, then mania is present and it's probably a good idea to buy dollars since they're cheap so you can sell them when they are worth more Bitcoin a year later.