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.  

 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.