This is not surprising.
Earlier this spring, when Bitcoin was in the middle of its last price spike, I "raised my Bitcoin target" to $400.
This was an inside joke — I don't have a Bitcoin target. But I was getting at a more profound point. $400 is a perfectly reasonable target for Bitcoin. As is $1,000. As is $10,000 or $100,000 or $1 million.
And as is $0.01.
This is because Bitcoin has no inherent value.