Its all a py-op. Elon has big plans for Bitcoin mining and Tesla, hes just playing a game. A game that looks like China is part of possibly. Bitcoin is just going to end up being hijacked and centralised i fear as a result. Rich people all see whats happening and want to take it for themselves. A lot of the Alt coin projects are another perfect example, they make a project and all they want is a piece of the Bitcoin pie, effectively stealing peoples Bitcoin. Bitcoin is just proving that its just the most desirable asset on the planet right now and this massive shake out is all part of it.