Photo by André François McKenzie on UnsplashYep, $50,000. That’s the price Bitcoin reached tonight. It’s fantastic, crazy — and raises questions: Why? Why? And are we only at the beginning of this bubble — or already at its end?A picture is worth a thousand words, and a number is often worth a hundred pictures. So I’ll put the number of the day here once again:That’s how much a Bitcoin is worth by now. So about a year’s salary of a moderately paid editor or a Tesla Model 3. Crazy. We honestly didn’t expect that here. At least not seriously, and not this fast.More surreal than what’s on the exchanges is what’s not: you still can’t buy and hold Bitcoin at your bank. You still can’t pay with Bitcoin at Aldi or Amazon. There is still no Bitcoin ETF, and it is still the exception for insurance companies, pension funds, and asset managers to put money into Bitcoin. In my environment, no more people own Bitcoins than they did two years ago. At the same time, Germans are saving more than ever; last year, they set aside 393 billion euros, bringing the country’s savings to 7.1 trillion euros.General interest has increased significantly — but is still rather marginal. So who or what is driving the price up? What is causing this eerie, surreal, seemingly unshakable rise?One possible explanation would be a FOMO effect among tech companies. FOMO means “Fear of Missing out,” which could be translated as gate-crashing panic. At the latest, since Tesla put a lot of money into Bitcoin, it may have become a trend among U.S. tech companies to at least think about putting some of their ample cash reserves into Bitcoin. And those who are late will be the least likely to have Bitcoins. Therefore, half of…