Has the world changed that much since Christmas, when ETH was around half the price is it currently?
If this is organic growth based on underlying technology unique to ethereum, and not a speculative bubble, why do these rises always coincide with equally spectacular rises for all crypto currencies, and why usually following a surge in the Bitcoin price. There are 10s of coins with almost identical growth, around 50 percent, over the last 7 days for instance. I can’t imagine they all have unique technologies underneath.
I think rumours of the economy demise are greatly exaggerated. The markets continue to provide a solid rate of return and are demonstrably less volatile than a cryptocurrency, As you have acknowledged, it could come down as big money can move the markets to its will (manipulation). How does this characteristic make it suited to a store of wealth?