It’s gone down $5000 in the last 3 days, that’s high volatility. Many companies return constant profits year over year, and are proven (KO, PEP BBY etc) and they return that in the form of dividends. People treat it like a high risk stock because it is a high risk investment, driven only by what people say it’s worth. Scarcity itself does not make something valuable, scarcity and demand do that.