You got it entirely backwards. The price never should have pumped this high in the first place so fast. The only reason it did was China and Russia attempting to ban bitcoin, which caused a big sell off, then the mostly single entity that controls the price and walls on Bitfinex and other exchanges had all those people dump onto his bids. So now that everyone is out of the market, he decided to take the ball and run with it and pump since he owns all the bitcoins from everyone dumping on him.
Then a few morons in the general public who know nothing about economics or trading decided to chase the pump because CNBC and other entities spammed about it. The only question is WHO is the single entity that has controlled bitcoin price all the way from $200 to $3000+ on Bitfinex? Is it some Chinaman or mining cartel like Bitmain, or the standard Goldman Sachs Jews operating behind the scene as always.