Doesn't matter if you beleive it. That's what subjective means. If enough people are willing to pay it...
I agree with you. I think it's too much. Also the market price of bitcoin is wrong. IMO. But that's how markets work.
Discussion
there's a difference between "we are running out of stock. increase price to manage flow" and "we think people will pay more. increase price to increase profits." one is done out of necessity. one is done out of greed.
You use the word greed as if it matters. All sellers are driven by the desire to get as much out of what they have for sale. Buyers want to pay less. This is how we get a price for anything. Greed is just a word to describe both parties. You are moralizing it. Sure, it's greed. On both sides. It always is.
By the way, they are running out of stock. There are only so many words. Hence all the new TLDs
A better point is that ICCAN is a central point controlling this. Been a while since I looked into it but I bet the only solution to drive down costs are more sellers and ICCAN has that power. Competition usually drives down prices.